Most people knew the late Charlie Munger as Warren Buffett’s partner and the longtime vice chairman of Berkshire Hathaway. Fewer people know that he started out as a lawyer in Los Angeles and later ran his own investment partnership before joining Buffett full-time. Those early jobs taught him how money really changes hands. Strip away […]
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Most people hear the phrase “lone wolf” and picture a grumpy loner who skips every party and trusts nobody. That picture leaves a lot out. Plenty of lone wolves are simply independent people who feel comfortable working outside the pack. Marcus Aurelius, the Roman emperor whose private Stoic journal was later published as Meditations, wrote
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Ask a typical family to list their biggest assets, and the answer usually starts with their house. The truck comes next, and maybe the boat is sitting under a tarp on the side of the yard. Wealthy families keep score with a much narrower rule. If something puts money in your pocket, it’s an asset,
Marcus Aurelius spent much of his reign as Emperor fighting on Rome’s northern frontier while a plague moved through the empire. During those years, he kept a private journal, written in Greek and addressed to no one but himself. His writings were later published as Meditations, which read like a man arguing with his own
5 Stoic Rules To Control Your Emotions For A Happier Life, According To Marcus Aurelius Read More »
Charlie Munger spent more than four decades as Warren Buffett’s partner at Berkshire Hathaway. He was famous for his blunt opinions, and many of his sharpest were about things smart people should avoid if they want to build wealth. Munger often said that he and Buffett gained a long-term edge simply by trying to consistently
Most talk about class centers on income. Upper-class families also stand apart in how they handle money, time, and relationships, habits often passed down from parents to kids without much thought. A lot of these routines cost little or nothing to start. A teacher or a welder can begin practicing them this week, and the
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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
5 Things People Can Buy To Be Wealthier, According To Charlie Munger Read More »
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
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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
5 Strategies Smart People Use to Multiply Their Wealth, According of Charlie Munger Read More »
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 »