Crie conteúdo com a tecnologia de voz IA Charlie Munger

As pessoas adoram falar de diversificação como se fosse mágica. Mas vou te dizer uma coisa: diversificação excessiva é proteção contra a ignorância. Se você realmente entende um negócio, não precisa espalhar seu dinheiro em 50 lugares diferentes. Concentração gera riqueza.

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.

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.

Look at two investors starting with a million dollars. One trades constantly, the other buys quality businesses and holds. After 30 years, the patient investor has five times more. Not because he's smarter, but because he let compound interest work.

Look, if you want to get ahead in life you've got to learn from other people's mistakes because you can't live long enough to make them all yourself and that's just the way it works and if you're smart you'll pay attention to that.

The simplest way to get what you want in life is to deserve what you want. It's not complicated. Most people want to skip the deserving part and go straight to the getting part. That's where they fail.

These cryptocurrency promoters are worse than worthless. They're selling people digital nothing and calling it an investment. It's a gambling parlor masquerading as financial innovation. Nobody should touch this stuff. It's beneath contempt.

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.