Charlie Munger’s most powerful daily habit:
"I read The Richest Man in Babylon which taught the joys of underspending your income and investing the difference and how wonderfully it would work over time"
"I got the idea that I had a mental compound interest thing too, and so I finally decided I was going to give the best hour of the day to improving my own mind"
"That may have been a very selfish thing to do but it worked"
Warren Buffett:
“It takes 3 qualities to do well…[reasonable] intelligence, energy, & integrity… You may not be able to throw a football 60 yards, run the 100 in 9.8, [or] sink 3-pointers, but you can choose where you stand on the integrity scale. That is a choice you make.”
This 1 hour Stanford lecture on Markov Decision Processes will teach you more about the math behind systematic trading decisions than a 3 month internship at Jane Street or JPMorgan.
Bookmark & replace one movie today with this lecture, then read the complete article below.
We will host our second annual FX Market Structure Conference on December 17, 2025. The event will delve into developments and trends impacting the structural landscape of the FX market. To watch virtually, register here: https://t.co/MGifAUpcMy