1. Be rational and objective Munger often spoke about the importance of being rational and objective. It will help you in business and investing, but also in other areas of life. Making emotional decisions rarely leads you down the right path. 2. Be a learning machine Munger viewed education as a moral duty and spent most of his day reading on a variety of subjects including business, history and science. He once joked that his kids thought he was a book with a couple of legs sticking out. 3. Financial freedom is about independence Thanks to the extreme success of Berkshire Hathaway and his other investments, Munger was among the richest Americans, with his net worth reaching about $2.6 billion this year, according to Forbes, despite already donating much of his wealth to charity. 4. Don’t
Some Lessons i learnt from Charlie Munger 1. Be rational and objective Munger often spoke about the importance of being rational and objective. It will help you in business and investing, but also in other areas of life. Making emotional decisions rarely leads you down the right path. 2. Be a learning machine Munger viewed education as a moral duty and spent most of his day reading on a variety of subjects including business, history and science. He once joked that his kids thought he was a book with a couple of legs sticking out. 3. Financial freedom is about independence Thanks to the extreme success of Berkshire Hathaway and his other investments, Munger was among the richest Americans, with his net worth reaching about $2.6 billion this year, according to Forbes, despite already donati
Some Lessons from Charlie Munger 1. Be rational and objective Munger often spoke about the importance of being rational and objective. It will help you in business and investing, but also in other areas of life. Making emotional decisions rarely leads you down the right path. 2. Be a learning machine Munger viewed education as a moral duty and spent most of his day reading on a variety of subjects including business, history and science. He once joked that his kids thought he was a book with a couple of legs sticking out. 3. Financial freedom is about independence Thanks to the extreme success of Berkshire Hathaway and his other investments, Munger was among the richest Americans, with his net worth reaching about $2.6 billion this year, according to Forbes, despite already donating much o
There were forecasts call for the June Consumer Price Index report to offer some good news on the overall rate of inflation, with help from lower prices on gasoline and used cars. Despite that good news, inflation excluding food and energy costs—a key measure for the Federal Reserve—is seen staying high, which is expected to mean another rate hike is on its way from the central bank later this month. With the June report from the Bureau of Labor Statistics due out Wednesday morning, economists are calling for inflation to clock in at just over a 3% annual rate, which would be the slowest year-over-year increase in the CPI since March 2021 and down significantly from the 9.1% rate in July 2022, when inflation was running at a four-decade high. It would also make a meaningful drop from the 4
Forecasts for June CPI There were forecasts call for the June Consumer Price Index report to offer some good news on the overall rate of inflation, with help from lower prices on gasoline and used cars. Despite that good news, inflation excluding food and energy costs—a key measure for the Federal Reserve—is seen staying high, which is expected to mean another rate hike is on its way from the central bank later this month. With the June report from the Bureau of Labor Statistics due out Wednesday morning, economists are calling for inflation to clock in at just over a 3% annual rate, which would be the slowest year-over-year increase in the CPI since March 2021 and down significantly from the 9.1% rate in July 2022, when inflation was running at a four-decade high. It would also make
Forecasts for June CPI There were forecasts call for the June Consumer Price Index report to offer some good news on the overall rate of inflation, with help from lower prices on gasoline and used cars. Despite that good news, inflation excluding food and energy costs—a key measure for the Federal Reserve—is seen staying high, which is expected to mean another rate hike is on its way from the central bank later this month. With the June report from the Bureau of Labor Statistics due out Wednesday morning, economists are calling for inflation to clock in at just over a 3% annual rate, which would be the slowest year-over-year increase in the CPI since March 2021 and down significantly from the 9.1% rate in July 2022, when inflation was running at a four-decade high. It would also make
Tip 1: Deciding on a Trading Style That Fits You! Daytrading This is the trading form that beginners tend to focus on the most. Swing Trading Swing trading is a more slow-paced trading form where you hold on to your positions for one day to a few weeks at most. In other words, a swing trader attempts to catch the short to medium-term price swings. For beginners, swing trading is the ultimate trading form since it takes very little time and can be executed even by those who have a full-time job, while still having great profit potential. Position Trading This is a trading form that’s even slower than swing trading. A typical position trader holds his positions from a couple of weeks, up to several months or even years. This means that they’re attempting to catch the really long trends in th
Tip 1: Deciding on a Trading Style That Fits You! Daytrading This is the trading form that beginners tend to focus on the most. Swing Trading Swing trading is a more slow-paced trading form where you hold on to your positions for one day to a few weeks at most. In other words, a swing trader attempts to catch the short to medium-term price swings. For beginners, swing trading is the ultimate trading form since it takes very little time and can be executed even by those who have a full-time job, while still having great profit potential. Position Trading This is a trading form that’s even slower than swing trading. A typical position trader holds his positions from a couple of weeks, up to several months or even years. This means that they’re attempting to catch the really long trends in th
Questions on when to Buy, Sell, Or Hold a Stock Buy. Sell. Hold. Buying and selling stocks can sound exciting, complicated, and confusing all at once. But it doesn’t have to be. The first step to understanding when to buy and sell stocks is knowing how a stock market or stock exchange works. The first thing to know: There isn’t just one stock market—there are many stock exchanges and markets worldwide through which people buy and sell stocks, or shares of a company. Stock markets or exchanges consist of lots of people buying and selling at different prices because they all have different ideas about those stocks’ value. One investor might think a stock will go up, while another thinks it’s going to go down. So who’s right about when to buy stocks? Understanding When to Buy and Sell St