Charlie Munger's secret to a long & happy life:
"simple... you don't have a lot of envy, don't have resentment, don't overspend your income, stay cheerful in spite of your troubles..."
Warren Buffett:
“All these economists with 160 IQs and spending their life studying it. And can you name me one super wealthy economist who’s ever earned money out of securities? No.”
Buffett’s advice for new investors:
“You have to have the attitude that you’re buying into a business. You’re not buying something that [just] wiggles around on a chart. And if you buy intelligently into a business, you’re going to make money.”
"I read everything: Annual reports, 10-Ks, 10-Qs, biographies, histories, five newspapers a day. On airplanes I read the instructions on the backs of the seats. Reading is key.
Reading has made me rich over time."
— Warren Buffett
"You're not right or wrong because 1000 people agree with you. And you're not right or wrong because 1000 people disagree with you. You're right because your facts and your reasoning is right. "
Warren Buffett’s Most Iconic Interview Ever https://t.co/ciWntdMbd0 via @YouTube