Charlie Munger is a highly successful investor, but not because he’s tapped into some mysterious type of investing magic. By following his guidelines of continuous learning, simplicity, patience, courage and worldly wisdom, you too can boost your success in investing.
There’s a new epidemic sweeping the world, and it’s not a virus. It’s stress. Almost everyone has experienced stress at work or at home. But without knowing how to deal with it, it’s a lethal affliction, one of the leading causes of death!
Sometimes you have days when it feels like you have been super busy but haven’t accomplished anything significant. On these days, it’s as if all of your time is spent checking emails, attending meetings, responding to questions from colleagues, and other seemingly trivial tasks that don’t really lead to progress. So what can you do to prevent these tasks from sucking the time and energy out of your days?
Most people go on vacation and come back with a clear mind and rejuvenated spirits. But John Wood, a former Microsoft executive, came back from Nepal completely changed: his worldview had been challenged and he now had a strong desire to change his career completely.
Today’s dynamic, ever-changing economy requires a businessperson to be aggressive to keep up. Once-thriving markets can disappear at the drop of a hat, and previously ignored backwaters can transform into moneymaking tidal waves in moments. Only those with their finger on the pulse of industry will succeed.
With the help of his mentor, Benjamin Graham, Warren Buffett learned the important difference between how much a company is really worth and how much it’s selling for. An aptitude for discerning this difference, combined with a steadfast refusal to succumb to trends and a keen understanding of numbers, is what allowed Buffett to accrue a fortune exceeding $66 billion.
