مولد صوت AI Charlie Munger بواسطة Fish Audio

A reporter once asked why Warren buffett was richer than I was. To wish I answered, warren got an early start, he works pretty hard and Maybe, there aren't a lot of reason else. And then, I asked the reporter, why is Albert Einstein less richer than I am?

Sabe qual é o erro mais comum dos investidores? Eles procuram ações para comprar. Deveriam procurar ações para evitar. É mais fácil identificar um desastre do que prever um sucesso. Esse é o poder da inversão que sempre defendi.

I'll tell you something about market predictions: everyone thinks they can predict the next crash, but they can't. The same people who claim to know everything will be the ones most surprised when it happens. That's how it always works.

I've always maintained that the key to successful investing is rational thinking and patience. Don't chase quick profits or follow market hysteria. The most reliable way to build wealth is to invest in businesses you understand and hold them for the long term.

The fundamental problem with most investors is they're not rational enough. They get excited when they should be cautious, and fearful when they should be buying. The key is to develop a rational framework and stick to it consistently.

Look at the successful people around you. The ones who really made it didn't do anything complicated. They picked something simple, understood it completely, and stuck with it. That's how you build lasting wealth and success.

Look at these young investors chasing every new technology stock. I'll tell you what's going to happen: they'll learn the same lesson every generation learns. The market has a way of teaching humility, and it's never a gentle teacher.

I'll tell you something about market cycles: people always think this time is different. But it never is. The same patterns of human folly repeat themselves, and those who study history will see it coming every time.