🧵 25 Things I wish I knew about investing 20 years ago.

Lesson 1: Invest for the long term.

In the short run, stock returns can be very volatile, but they are very robust in the long run. Over time, stocks always perform better than bonds. Lesson 2: On average, you double your money in the stock market every 10 years.

The real return on equities (after inflation) has averaged 6.8% per year over the past 204 years.

Warren Buffett isn’t just the best investor in the world—he’s in a league of his own.

Imagine investing $10,000 in Berkshire Hathaway back in 1965…

Today, that would be worth over $2 billion (!)

Here are 100 of his most powerful investing quotes: 1.

Some of the best investors in the world

- Warren Buffett
- Charlie Munger
- Ray Dalio
- David Einhorn
- Peter Thiel
- John Bogle
- Seth Klarman
- Howard Marks
- George Soros
- Paul Samuelson

One lesson from each: "The stock market is designed to transfer money from the Active to the Patient."

- Warren Buffett

My all-time favorite investing book?

It might be One Up on Wall Street. It's full of investment wisdom.

Here are the 10 most valuable lessons from this classic: 1. Stay within your circle of competence

Only invest in what you understand

Warren Buffett once said

"Our favorite holding period is forever"

Here are 10 stocks to own for the next 50 years. 10. Zoetis ($ZTS)

Animal health company specializing in veterinary medicines and vaccines.

Relevance in 50 years: Rising pet ownership drives continuous demand for animal healthcare.

American Hedge Fund billionaire Bill Ackman is a learning machine.

"You can learn investing by reading books."

Here are his 9 favorite investing books everyone should read: 1. Security Analysis

This book is a valuation masterclass.

"The stock market is a voting machine in the short run and a weighing machine in the long run."

Those who keep learning keep rising in life.

Here are 27 book recommendations by Warren Buffett from

1. Shoe Dog — Phil Knight

Buffett: “The best book I read last year. Phil is a gifted storyteller.” kevinrooke.com 2. Poor Charlie’s Almanack — Charlie Munger

Buffett: “This book is something of a publishing miracle—never advertised, yet year after year selling many thousands of copies from its Internet site.”

The 25 best quotes of Charlie Munger

1. Investing is where you find a few great companies and then sit on your ass.

2. The big money is not in buying or selling, but in the waiting. 3. Like Warren, I had a considerable passion to get rich, not because I wanted Ferrari's - I wanted the independence. I desperately wanted it.

4. We have a passion for keeping things simple.

15 Books That Turn Ordinary Investors Into Professionals:

1. One Up on Wall Street – Peter Lynch

Peter Lynch turned $18 million into $14 billion by keeping it simple.

He believed the best investment ideas start in your daily life: the stores you shop at, the brands you love. 2. The Intelligent Investor – Benjamin Graham

This book is the foundation of everything.

This is where Warren Buffett learned about “Mr. Market” and the difference between price and value.

It teaches you how to invest rationally when everyone else is losing their mind.

You’re not as rational as you think.

Smart people make dumb decisions all the time.

Charlie Munger explained why, and how to fix it.

Here's a thread on The Psychology of Human Misjudgement: Charlie Munger spent decades studying why smart people make bad decisions.

He identified 24 standard causes of human misjudgement.

Let’s break down the most important ones:

MEGA COMPILATION

30 Visuals EVERY investor should know

1. How to read an annual report 2. How to analyze stocks

You’re not as rational as you think

Smart people make dumb decisions all the time

Charlie Munger explained why, and how to fix it

Here's a thread on The Psychology of Human Misjudgement: Charlie Munger spent decades studying why smart people make bad decisions.

He identified 24 standard causes of human misjudgement.

Let’s break down the most important ones:

Charlie Munger once said:

"Smart men go broke three ways - liquor, ladies and leverage."

Let's teach you everything you should know about the latter: 1. What is leverage?

Greg Abel is the new CEO of Berkshire Hathaway

Here's what you need to know about him: 1. Buffett’s Successor

Macroeconomics is the study of the economy as a whole.

It helps you understand the bigger picture of money.

Here are 15 core principles of macroeconomics: 1. Gross domestic product (GDP)

GDP measures the total value of goods and services a country produces.

It shows the size and health of an economy.

12 Boring Stocks with Extraordinary Returns:

1. Hermès 2. Pool Corporation

My 15 most popular visuals:

1. 50 Laws of Investing 2. Free Cash Flow vs Net Income

American Hedge Fund billionaire Bill Ackman is a learning machine.

"You can learn investing by reading books."

Here are his 9 favorite investing books everyone should read: 1. Security Analysis

This book is a valuation masterclass.

"The stock market is a voting machine in the short run and a weighing machine in the long run."

Those who keep learning keep rising in life.

Here are 27 book recommendations by Warren Buffett from

1. Shoe Dog — Phil Knight

Buffett: “The best book I read last year. Phil is a gifted storyteller.” kevinrooke.com 2. Poor Charlie’s Almanack — Charlie Munger

Buffett: “This book is something of a publishing miracle—never advertised, yet year after year selling many thousands of copies from its Internet site.”

15 Books That Turn Normal Investors Into Professionals:

1. One Up on Wall Street – Peter Lynch

Peter Lynch turned $18 million into $14 billion by keeping it simple.

He believed the best investment ideas start in your daily life: the stores you shop at, the brands you love. 2. The Intelligent Investor – Benjamin Graham

This book is the foundation of everything.

This is where Warren Buffett learned about “Mr. Market” and the difference between price and value.

It teaches you how to invest rationally when everyone else is losing their mind.

I’ve spent years reading hundreds of books on investing, risk, and decision-making

These are my all-time favorite books per theme: 1. Investment classics: Stocks for the Long Run — Jeremy Siegel

This book is a data-driven masterpiece proving why stocks remain the best long-term asset.

Siegel’s research makes one thing clear: time in the market beats timing the market.