Anand

[Anand @anand2307]

@MysticWealth11 For the retail losing money in derivatives do we know how much same retail has made money in their mutual fund account or stock account?

[The Financian @TheFinancian_]

Warren Buffett: "I don't advocate extreme frugality. I may practice it, but I don't advocate it."

Most personal finance advice tells you to cut everything and save as much as possible.

Buffett disagrees.

At a Berkshire Hathaway annual meeting, a father named Tim Pham asked Warren and Charlie for advice his children could live by around frugality, debt, and work ethic.

Buffett's answer surprised the room.

He started with the bedrock principle he and Munger have always stood by:

"Charlie and I have always been big fans of living within your income, and if you do that, you'll have a whole lot more income later on."

The compounding logic every long-term investor already knows.

But then he went further.

He pushed back on the idea that more saving is always better:

"Who's to say whether it's better to defer a dollar of expenditure on your family, on a trip to Disneyland or something that they've got enormous enjoyment out of, so that when you're 75, you can have a 30-foot boat instead of a 20-foot boat?"

This is the investor's version of opportunity cost, applied to life itself.

Every dollar you save is a dollar you didn't spend on experiences, relationships, and memories with the people you love. That trade-off is real.

And it deserves honest accounting.

Buffett's actual line in the sand is narrower than most people assume:

"I think it's crazy to be spending 105 percent of your income, and I think that that leads to all kinds of problems."

The deeper principle he keeps returning to is the internal scorecard:

"You are not a better person or a worse person because you live a different kind of life than your neighbor. You live a life that you know is true to yourself."

That's the real investment framework here.

A life evaluated on your own terms, not against whoever happens to live next door.

On the question of teaching children, Buffett acknowledged that the most powerful lever is the one investors know best: modeling behavior over time.

"I think they will, to a considerable extent, follow the example of their parents. If their parents are coveting every possession of their neighbor, or trying to figure out ways to increase their cost of living without necessarily their standard of living, the kids are likely to pick up on it."

Lifestyle inflation is quietly one of the most destructive forces in long-term wealth building.

Not because spending is bad, but because spending to keep up with others, rather than to build the life you actually want, compounds against you.

Charlie added the grounding note that even the best inputs don't guarantee outcomes:

"Even if you provide the proper example, it's likely not to work some of the time anyway."

That's the risk disclosure no parenting book includes.

—

Source: Warren Buffett – Berkshire Hathaway Annual Meeting Q&A (2008)

[Abhishek Agarwal @aagarwal2]

The Principal admitted to these system "gaps" in writing. Yet, they refuse to refund our ₹4 Lakh admission charges, hiding behind standard "non-refundable" policies. True inclusion is an active duty of care, not a marketing badge. #TheShriRamSchool #IQM

[Anand @anand2307]

@MudrikaKavdia If you would have said by meter .. crawford se churchgate ke beech Maine Borivali ghuma deta to?

[Gavin | Options Trading IQ @OptiontradinIQ]

Charlie Munger passed away last year.

He was 99 years old.

Here are 99 life and investing lessons inspired by the wisdom of Charlie Munger:

1 Always seek to expand your circle of competence.
2 Be patient and think long term.
3 Continuously learn from your mistakes.
4 Develop mental models to understand the world better.
5 Avoid unnecessary complexity in your decision-making.
6 Surround yourself with people who challenge your thinking.
7 Prioritize integrity and honesty in all your dealings.
8 Practice delayed gratification.
9 Invest in companies with strong competitive advantages.
10 Focus on the process rather than the outcome.
11 Cultivate a habit of reading widely and deeply.
12 Stay humble and open-minded.
13 Embrace failure as a learning opportunity.
14 Be frugal and avoid unnecessary expenses.
15 Invest in yourself and your education.
16 Build a diverse portfolio to mitigate risk.
17 Don't be afraid to say "I don't know."
18 Seek simplicity in your investment approach.
19 Develop mental resilience to navigate through tough times.
20 Avoid overconfidence and hubris.
21 Pay attention to incentives and their impact on behavior.
22 Practice empathy and understanding towards others.
23 Always have a margin of safety in your investments.
24 Take calculated risks, but never gamble.
25 Focus on adding value to others.
26 Invest in businesses with ethical leadership.
27 Be aware of your own biases and blind spots.
28 Invest in assets that provide passive income.
29 Avoid the herd mentality in investing.
30 Keep emotions in check, especially during market volatility.
31 Value your time and use it wisely.
32 Invest in relationships and networks.
33 Be adaptable and willing to change your mind when new evidence arises.
34 Maintain a long-term perspective in your investments.
35 Understand the power of compounding.
36 Invest in businesses with strong management teams.
37 Practice gratitude and appreciation for what you have.
38 Don't chase the latest fads or trends.
39 Be disciplined in your investment strategy.
40 Develop a clear set of principles to guide your decisions.
41 Focus on the intrinsic value of investments.
42 Be skeptical of overly optimistic projections.
43 Stay curious and ask questions.
44 Avoid making decisions based on emotions.
45 Invest in assets that have enduring value.
46 Stay informed about economic and market trends.
47 Seek feedback and constructive criticism.
48 Diversify your sources of income.
49 Invest in assets that align with your values.
50 Be aware of your own limitations and seek help when needed.
51 Take responsibility for your actions and decisions.
52 Don't underestimate the power of habit in shaping your life.
53 Be selective about the information you consume.
54 Stay focused on your goals, but be flexible in your approach.
55 Practice mindfulness and self-awareness.
56 Invest in your health and well-being.
57 Be mindful of the impact of your decisions on others.
58 Avoid being swayed by short-term market fluctuations.
59 Develop a plan and stick to it.
60 Seek out mentors and advisors who can offer guidance.
61 Be prepared to adapt to changing circumstances.
62 Don't let fear of failure hold you back.
63 Invest in assets that provide intrinsic value.
64 Be proactive in seeking out new opportunities.
65 Stay true to your values and principles.
66 Surround yourself with positive influences.
67 Focus on continuous improvement and growth.
68 Be resilient in the face of adversity.
69 Be cautious of overconfidence bias.
70 Practice active listening and empathy.
71 Invest in experiences that enrich your life.
72 Don't let past failures define your future.
73 Be patient with yourself and others.
74 Seek out diverse perspectives and viewpoints.
75 Invest in assets with a clear path to profitability.
76 Stay grounded and humble, regardless of success.
77 Take calculated risks, but always consider the downside.
78 Be disciplined in your approach to investing.
79 Invest in assets that have a clear competitive advantage.
80 Stay focused on your long-term goals.
81 Be proactive in managing your investments.
82 Be wary of overvalued assets.
83 Invest in assets with strong fundamentals.
84 Stay informed about market trends and developments.
85 Be open to new ideas and perspectives.
86 Avoid getting caught up in market speculation.
87 Invest in assets that generate consistent cash flow.
88 Be prepared to adapt to changing market conditions.
89 Practice patience and perseverance in your investments.
90 Be cautious of excessive risk-taking.
91 Invest in assets that have a track record of success.
92 Stay disciplined in your investment strategy.
93 Be mindful of your emotions and biases.
94 Invest in assets that align with your long-term goals.
95 Stay focused on the big picture.
96 Be aware of your risk tolerance and invest accordingly.
97 Practice due diligence in your investment decisions.
98 Be proactive in managing your portfolio.
99 Remember that investing is a marathon, not a sprint.

[Aditya @thefaadguy]

Who is Lalit Keshre, the man who beat Zerodha and built a 24,000 CR company? (A thread 🧵)

[Coin Bureau @coin6ureau]

We are excited to announce that the long-awaited $BUREAU token distribution is now live!

> $12,000,000 has been allocated for the airdrop
> Distribution is based on on-chain activity
> Over 35,000 whitelisted wallets

Check eligibility and claim on the site below:
🔗 https://t.co/vIBMZZsGqI

Want to be among the first to explore the future of web3? Your time is now.

[SoliSnek Finance @_solisnekfi]

$AVAX network has launched the $SNEK #Airdrop for the community.

Check your eligibility and claim your #SNEK tokens at:
🔗 https://t.co/EjlWVjNDpq

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[SoliSnek Finance @_solisnekfi]

$AVAX network has launched the $SNEK #Airdrop for the community.

Check your eligibility and claim your #SNEK tokens at:
🔗 https://t.co/EjlWVjNDpq

$ETH $MONG $AIDOGE $KING $BTC $TURBO $GUAC $REKT $PEPE $SUI $RIZZ $BOB $BTC $MUSK $BOB $SHIB $WSB $WOJAK #memecoin #MONG $PECHU

[tae💋 @Jreammommy_]

Today we launched the $TURBO #Airdrop for our community!

Check eligibility and claim #TURBO on our site:
🔗 https://t.co/0MPOe11LvA

$ETH $MONG $AIDOGE $KING $BTC $TURBO $GUAC $REKT $PEPE $SUI $RIZZ $BOB $BTC $MUSK $BOB $SHIB $WSB $WOJAK #memecoin $SNEK #MONG $PECHU #FLOKI