Why Your Brain Wants You to Be Poor (Psychology of Human Misjudgment)
Introduction In our previous post, [How to Guarantee You Lose All Your Money (Invert, Always Invert)], we learned that avoiding […]
How to Guarantee You Lose All Your Money (Invert, Always Invert)
Discover Charlie Munger’s favorite mental model: “Invert, always invert.” Learn how to protect your FIRE portfolio by avoiding guaranteed paths
Why Charlie Munger Throws 90% of Stocks in the “Too Tough” Basket (Circle of Competence)
Stop losing money on complex stocks you don’t understand. Learn Charlie Munger’s “Circle of Competence” and the “Three Baskets” strategy
Why the “Man with a Hammer” Always Loses Money (Multiple Mental Models)
Stop losing money in the stock market. Learn Charlie Munger’s “Multiple Mental Models” and how to build worldly wisdom to
Why I Admire Charlie Munger (And His Costco Obsession)
Introduction If you have been following my recent posts, you know that we have spent a lot of time analyzing
The Warren Buffett Way (And Why Charlie Munger Changed His Mind)
Discover the real Warren Buffett investment strategy. Learn how Charlie Munger taught him to buy great businesses, stay in his
Why Watching Financial News Destroys Your Wealth (Availability Heuristic)
Discover how Daniel Kahneman’s availability heuristic and financial news media trick your brain into panic selling your stocks at the
Why Last Year’s #1 Mutual Fund Will Lose Your Money (Regression to the Mean)
Stop chasing hot stocks and star fund managers. Learn Daniel Kahneman’s concept of “regression to the mean” and why S&P
Why Your Stock’s Purchase Price is Destroying Your Wealth (The Anchoring Effect)
Stop waiting to “break even.” Learn how Daniel Kahneman’s anchoring effect traps investors and discover the value investing methodology to