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Compounding Quality Profile picture
@QCompounding
Jul 10, 2024 • 11 tweets • 3 min read • Read on X
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10 Nuggets from Charlie Munger that will help you to live a successful life

1. The first $100K Image
2. "My partner Charlie Munger says there is only three ways a smart person can go broke: liquor, ladies and leverage" - Warren Buffett Image
3. Advice for people Image
4. Victim mentality Image
5. Book recommendations
6. Don't be surprised if you lose to people like this

H/T @FoundersPodcast Image
@FoundersPodcast 7. The psychology of human misjudgment Image
@FoundersPodcast 8. Principles Image
@FoundersPodcast 9. Checklist Image
@FoundersPodcast 10. Guide to Success Image
@FoundersPodcast That's it for this today.

Want to learn more? In this free e-book you'll learn more about Charlie's thinking: compounding-quality.ck.page/2f3001f6a5

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More from @QCompounding

Compounding Quality Profile picture
Jul 1
The only thing that matters for businesses?

Cash Flow. It's the lifeblood of a business.

Let's break it down: Image
1. What is a Cash Flow Statement? Image
2. What Are the 3 Types of Cash Flows? Image
Read 8 tweets
Compounding Quality Profile picture
Jun 28
Profit on paper but no cash in hand?

There's a big difference between the Income Statement vs Cash Flow Statement

This e-book explains everything: Image
1. Introduction Image
2. What is the Income Statement? Image
Read 9 tweets
Compounding Quality Profile picture
Jun 25
"If a business earns 18% on capital over 20 or 30 years, even if you pay an expensive looking price, you’ll end up with one hell of a result." — Charlie Munger

Here are 10 stocks with a return on capital > 20%: Image
1. Alphabet (GOOGL) ROIC: 32.1%

Alphabet is the parent company of Google, which makes money mainly through ads.

It also owns YouTube, Android, and invests in AI and other tech projects. Image
2. Eli Lilly (LLY) ROIC: 27.1%

Eli Lilly is a drug company known for making treatments for diabetes, cancer, and now obesity.

It’s growing fast thanks to its new blockbuster drugs. Image
Read 13 tweets
Compounding Quality Profile picture
Jun 22
How to pick stocks like Peter Lynch

The chameleon of investing averaged a 29.2%(!) annual return for 13 years

Copy his philosophy with these nine tips Image
1. Invest in what you know

Focus on industries you understand well.

Knowing the product helps for future success. Image
2. Invest for the long run

Hold stocks for years, not months.

Patience allows strong companies to grow. Image
Read 11 tweets
Compounding Quality Profile picture
Jun 21
7 Incredible book summaries by @MnkeDaniel

1. The Psychology of Money by Morgan Housel Image
@MnkeDaniel 2. The Intelligent Investor by Benjamin Graham Image
@MnkeDaniel 3. Thinking, Fast and Slow by Daniel Kahneman Image
Read 9 tweets
Compounding Quality Profile picture
Jun 19
You can’t invest wisely without understanding this.

It’s the bedrock of investing.

Yet most people completely ignore it: Intrinsic Value

Let's dive in: Image
1. What is intrinsic value?

It's the true, underlying worth of a business: based on fundamentals, not the stock price. Image
2. Warren Buffett defines it as the discounted value of the cash a business can generate in the future.

In simpler terms:

It’s what a business is really worth, based on earnings power. Image
Read 9 tweets

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