jasmine_tan
2023-12-01

'It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.'

-Charlie Munger

So applicable when we are operating outside our circle of competence, especially in situations when we are first starting out. 

Think about the first time you started investing. Or cooking your first meal. Or attending your first business networking event. 

Personally, I have made so many mistakes in new forays that have set my progress back. For instance, losing thousands in the Celsius bankruptcy as a new investor, where I could have placed it in safer bets such as index funds instead for steadier gains. 

Have a similar story to share? And how would the outcome be different had you heeded Charlie's advice? 

R.I.P Munger: What's the legacy from the investing genius?
Buffett said, "Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom, and participation." Let's honor Munger's legacy by reflecting on his contributions to the investment world and the lessons we can learn from his approach to investing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment