Tess Ang

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[Tess Ang @TessAngWrites]

A recap of Charlie Munger's Daily Journal Corporation annual meeting.

It's a 2 hour-long video filled with pearls of wisdom from Munger.

Here are my notes in 9 tweets:

[Tess Ang @TessAngWrites]

@SteadyCompound Excited for your book launch!

[Thomas Chua @SteadyCompound]

Back in 2020, I started this account to post stock breakdowns from my lunch break.

Hardly anyone read them.

Today, something I still can't quite believe: I wrote a book.

📖 The Lunch Break Investor

Out 18 August with Harriman House

For people with real jobs, families & lives who still want to invest properly.

One big shift: Stop renting stocks. Start owning businesses.

One focused lunch break at a time.

What’s your biggest struggle investing while busy? Reply 👇 I’ll share a tip from the book.

[Tess Ang @TessAngWrites]

When you invest, you are compounding your money.
When you borrow, you are compounding others' money.

[Tess Ang @TessAngWrites]

"Investing is a liberal art that involves the cross-pollination of ideas from multiple disciplines."

#JoysOfCompounding @Gautam__Baid

[Tess Ang @TessAngWrites]

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[Tess Ang @TessAngWrites]

Reflecting on my first presentation back in university…

Before a presentation, I used to prepare by memorising a script that included all the facts and figures.

I thought that it would make me persuasive. But that wasn’t it.

[Tess Ang @TessAngWrites]

⚖️ Stories are like leverage

When a topic is complex, stories are like leverage.

It brings to attention topics that people ignore, when they've previously been presented with nothing but facts and figures.

[Tess Ang @TessAngWrites]

Persuasion through logos, or logic and fact is but only one way of communication.

What are some of the best stories you have heard in a presentation?

#storytelling #presentationskills

[Tess Ang @TessAngWrites]

Numbers are not the ingredient to a compelling presentation.

It’s stories. Why?

[Tess Ang @TessAngWrites]

Reflecting on my first presentation back in university…

Before a presentation, I used to prepare by memorising a script that included all the facts and figures.

I thought that it would make me persuasive. But that wasn’t it.

[Thomas Chua @SteadyCompound]

I was recently asked, “How would you advise complete beginners on saving money and investing?”

Having studied many books on this topic, I've found this to be the best piece of advice: automate your finances.

The reality is, most of us struggle with the willpower or discipline needed to consistently manage our spending. We often fail to track expenses, sometimes overspend our bank balance, or even "accidentally" slip into overdraft on our credit card account.

When it comes to investing, strategies like Dollar Cost Averaging (DCA) – regularly buying stocks and other investments – are proven methods to build wealth. However, if we rely solely on our self-discipline, there's a high chance we'll either forget or spend the money we intended to invest.

As creatures of habit and impulse, the best way to achieve financial goals is by minimizing the need for willpower. Automation is the key.

Let’s say your objective with each paycheck is to invest 10% in the stock market and save 15% for home renovations in two years.

The smart move?

Automate these allocations. By setting up your bank account to automatically transfer 10% of your salary into index funds and 15% into high-yield savings account as soon as your salary arrives, you eliminate the temptation to overspend.

This 'out of sight, out of mind' approach makes saving and investing seamless.

This strategy is inspired by the book "The Automatic Millionaire."

If your New Year's Resolution is to read more and upgrade your financial knowledge, I’ve something special for you to make sure this resolution don't become just another set of forgotten goals.

Give this post a like to help others learn about this and check out the next post below 👇

[Tess Ang @TessAngWrites]

@SteadyCompound Great takeaways, I enjoyed the part when he was talking about how LKY has built SG. Thanks @SteadyCompound for compiling!

[Thomas Chua @SteadyCompound]

Charlie Munger & John Collison podcast.

It's bittersweet listening to one of Charlie's final interviews.

His words of wisdom were always simple and straightforward.

Here're my 15 takeaways:

[Tess Ang @TessAngWrites]

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[Tess Ang @TessAngWrites]

In 2020, “growth” was the buzzword.

In 2023, the key focus is on “monetisation” and “profitability”.

How does this affect your company and customers?

[Tess Ang @TessAngWrites]

In 2020, “growth” was the buzzword.

In 2023, the key focus is on “monetisation” and “profitability”.

How does this affect your company and customers?

[Tess Ang @TessAngWrites]

#Singapore is expected to be the largest digital lending market in SEA, while Indonesia is the biggest digital payments market.

#southeastasia #digitaleconomy