Kalpfin Wealth Byte (30 seconds read)
Too much, too soon, too fast!
Everyone knows the investing duo of Warren Buffett and Charlie Munger. But 40 years ago, there was a third member, Rick Guerin. The three made investments together.
Too much, too soon, too fast!
Everyone knows the investing duo of Warren Buffett and Charlie Munger. But 40 years ago, there was a third member, Rick Guerin. The three made investments together.
Then Rick kind of disappeared while Warren and Charlie became the most famous investors of all time
A few years ago, hedge fund manager Mohnish Pabrai asked Buffett what happened. Rick, Buffett explained, was highly leveraged & got hit with margin calls in the 1970s bear market.
A few years ago, hedge fund manager Mohnish Pabrai asked Buffett what happened. Rick, Buffett explained, was highly leveraged & got hit with margin calls in the 1970s bear market.
Some things scale well. Double their size & you get double the output (or more).Other things don’t, & it is important to know which is which.
A good summary of investing history is that stocks pay a fortune in the long run but seek punitive damages when you try to be paid sooner
A good summary of investing history is that stocks pay a fortune in the long run but seek punitive damages when you try to be paid sooner
Virtually all investing mistakes are rooted in people looking at long-term market returns and saying, “That’s nice, but can I have it all faster?”
Respect the most convenient state.
Respect the most convenient state.
Have patience. Invest wisely!
#Stockmarket #investment #investing #stayinvested #wealthmanagement #financialplanning #interest #return #patience #mutualfunds #money #portfoliomanagement
#Stockmarket #investment #investing #stayinvested #wealthmanagement #financialplanning #interest #return #patience #mutualfunds #money #portfoliomanagement
Credit of this article : @collabfund
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