• Warren Buffett
• Peter Lynch
• Terry Smith
• Joel Greenblatt
• Benjamin Graham
• Li Lu
• John Templeton
• Mohnish Pabrai
• Jack Bogle
• Rakesh Jhunjhunwala
• Charlie Munger
1 important lesson from each:
Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.
- Warren Buffett
If you invest $1,000 in a stock, all you can lose is $1,000, but you stand to gain $10,000 or even $50,000 over time if you're patient.
""Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day, if you live long enough ... you will get out of life what you deserve."
Here are 10 things I learned from him:
"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
"In my whole life, I have known no wise people who didn't read all the time – none, zero."