Earth Day is a reminder of the importance of environmental conservation and sustainability, encouraging us to come together and take action for a healthier planet and brighter future.
A moral compass is a person's internal set of values and beliefs that guide their actions, judgments, and behavior, and help them make ethical decisions. where's yours?
Charlie Munger’s Top 25 Investment Tips
1. "Spend each day trying to be a little wiser than you were when you woke up."
2. "The best way to get what you want in the world is through multiple models."
3. "Invert, always invert: Turn a situation or problem upside down. Look at it backward."
4. "It's not the bad ideas that do you in, it's the good ones."
5. "I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do."
6. "The big money is not in the buying and selling, but in the waiting."
7. "The first rule of compounding: Never interrupt it unnecessarily."
8. "It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait."
9. "The iron rule of nature is you get what you reward for."
10. "The best armor of old age is a well-spent life preceding it."
11. "The best thing a human being can do is to help another human being know more."
12. "A great business at a fair price is superior to a fair business at a great price."
13. "There are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn’t awash in cash—and I don’t want to go back."
14. "You’re looking for a mispriced gamble. That’s what investing is. And you have to know enough to know whether the gamble is mispriced."
15. "The game of life is a game of everlasting learning."
16. "I don’t think you can get to be really good at almost anything without doing it a hell of a lot."
17. "You must value the business in order to value the stock."
18. "A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable, problem."
19. "The best thing that happens to us is when a great company gets into temporary trouble... We want to buy them when they're on the operating table."
20. "The safest way to try and get what you want is to try and deserve what you want."
21. "If you get a good spouse, you become a positive feedback loop."
22. "It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change."
23. "We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side."
24. "We're not in a crazy bubble like the dot-coms, but we've been through a different kind of craziness."
25. "In the business world, the rearview mirror is always clearer than the windshield."