Charlie Munger lived to 99, and he never got rich by chasing whatever was hot. He spent decades as Warren Buffett’s partner at Berkshire Hathaway, and his advice on money remained almost boringly simple throughout. He wanted to own things that grew more valuable every year. Sometimes that meant shares of a great business, and […]
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Marcus Aurelius ruled the Roman Empire from 161 to 180 AD. His reign brought years of war on the northern frontier and a plague that spread across the empire, and through it all, he kept writing private notes to himself. Those notes became Meditations. He never meant for anyone else to read them. The journal
Income gets most of the credit for the gap between social classes. It explains part of it. What people know about money, and what they were taught to do with it as kids, explains a lot more. Financial literacy becomes habits, and habits compound over decades. Here are ten that show up again and again
Ask most people why the rich keep getting richer, and you’ll hear about hard work, smarts, or luck. Those things matter some. The bigger story is the economic plumbing. Money flows through a working-class household along one set of pipes and through a wealthy household along a completely different set, and the rules for each
Charlie Munger passed away in November 2023, a little over a month short of his 100th birthday. He spent most of his career as Warren Buffett’s partner at Berkshire Hathaway, answering shareholder questions with a bluntness that made him famous. He never published a tidy list of rules for getting rich. If you read his
The 5 Unspoken Rules Of The Wealthy, According to Charlie Munger Read More »
Marcus Aurelius ran the Roman Empire through years of war on the northern frontier and a plague that spread across his territory. During those years, he kept a private journal, which became the book we now call Meditations. He never meant for anyone else to read it. The entries are reminders to himself, written in
Three Keys To Achieve Anything In Life, According to Marcus Aurelius Read More »
High earners and wealthy families aren’t always the same people. Plenty of doctors and lawyers with high salaries never build lasting wealth, while many quiet millionaires get there by investing in assets that grow. Most middle-class and working-class households trade hours for a paycheck and keep the bulk of their net worth in the house
Marcus Aurelius ran the Roman Empire from 161 to 180 AD. He spent those years fighting frontier wars and dealing with a plague, and he still found time to write private notes to himself. Those notes became Meditations. He never meant anyone else to read them, which is why they’re so personal and direct. Every
10 Stoic Self-Discipline Principles Marcus Aurelius Lived By Read More »
Charlie Munger spent decades as Warren Buffett’s partner at Berkshire Hathaway. Plenty of people admired him for the fortune he built, but just as many studied him for the way he thought. He had little patience for IQ scores or fancy credentials as proof of a great mind. In his view, a sharp intellect revealed
Charlie Munger spent decades as Warren Buffett’s business partner at Berkshire Hathaway. For a man so admired for winning, he had an odd habit of thinking hard about losing. He called the method inversion. Figure out what reliably ruins a life, and then stay far away from those things. Munger laid out a version of
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Marcus Aurelius ruled the Roman Empire from 161 to 180 AD. His most enduring work was a private journal he never intended to publish, which we now know as Meditations. A lot of his advice is about subtraction. He wrote again and again about dropping the mental weight people carry out of habit, and the
5 Things to Let Go of to Become a Happier Person, According to Marcus Aurelius Read More »
Ask most guys to picture an upper-class man, and they’ll describe a sports car and a watch worth more than their truck. That picture sells movie tickets, but it says very little about how wealthy men spend an ordinary day. The biggest differences are hard to see from the outside. They show up in how
Charlie Munger was Warren Buffett’s business partner for decades, and his thinking helped shape the vast operations of Berkshire Hathaway. He had little patience for complicated formulas or for investors who made emotional decisions. His approach rested on a short list of plain ideas that he stuck with for a very long time, through economic
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Marcus Aurelius ruled Rome from 161 to 180 AD, and he wrote parts of his private journal while on a military campaign along the Danube frontier. He never meant for anyone else to read it. Nowhere in those pages does he say you owe anybody an explanation. His Stoic thinking leads there anyway, because he
5 Things You Don’t Owe Anyone an Explanation for, According to Marcus Aurelius Read More »
A trip to the dentist used to just be boring. Now it’s a serious budget decision for many families, and so is a big grocery bill or a week at the beach. Upper-class households still buy these things without a second look at the price. For the middle class and working class, inflation and climbing
Money habits get passed down at the kitchen table long before anyone opens a brokerage account. Kids absorb how their parents talk about bills, jobs, and risk, and those lessons tend to stick for life. How you earn your income is part of class, and so is a whole set of beliefs about time, work,
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Charlie Munger had little patience for foolishness, and he spent much of his 99 years cataloging it. He thought raw intelligence was overrated as a predictor of good outcomes. What interested him more was why bright people keep doing dumb things. “It is remarkable how much long-term advantage people like us have gotten by trying
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Marcus Aurelius ran the Roman Empire for nearly two decades. He also kept a private journal, writing reminders to himself in Greek. Those notes became the Meditations. Most scholars think he wrote them for himself alone and never intended for anyone else to read them. That tells you a lot about how the Stoics viewed
A lot of men from working-class and middle-class homes hit their forties and feel blindsided. They did what they were told and paid their bills on time, yet nobody ever explained the rules that actually govern money and power. Kids raised in wealthy families tend to pick up those rules much earlier. Some of it
Marcus Aurelius ruled Rome from 161 to 180 AD and spent a good part of that reign on military campaigns along the Danube. Along the way, he wrote notes to himself in Greek. Those notes became the book we call the Meditations. He doesn’t seem to have written them for an audience, which is probably
5 Signs You’re a High-Value Person, According to Marcus Aurelius Read More »