“Most people overestimate what they can do in one year and underestimate what they can do in ten years.” — Bill Gates Good things take time A human needs 20 years to grow into an adult A tree needs 10 to 30 years to reach full size An olive tree needs 65 to 80 years…
Tag: Principles
Do what works
I love this principle from Charlie Munger from last year’s Berkshire Hathaway Shareholder Meeting. It’s simple, and powerful. So I thought it deserves it’s own blog post: “Figure out what works, and go do it.” Charlie Munger Do what feels good Another dimension of this principle is to listen to how you feel. Generally speaking,…
“Margin of Safety” as a Principle of Life
In my last post I talked about the key principles of value investing. The one principle I keep using almost daily is the “Margin of Safety” principle. It’s such a powerful concept that I try to apply it almost everywhere in my life, especially to time management. When I have an appointment, I give myself…
The Key Principles of Value Investing
The style of investing that speaks most to me is value investing, as practiced by Warren Buffett and Benjamin Graham. I’m often asked: “What is value investing exactly?” Here is my understanding of the core principles: Have more purchasing power in the futureThe goal of all investing is laying out money today, so that you…
Charlie Munger’s Three Basic Rules for Business
Don‘t sell anything you wouldn‘t buy yourself. Don‘t work for anyone you don‘t respect and admire. Work only with people you enjoy. If we could all apply these a little more often, the world would be a better place. (Learned from Poor Charlie’s Almanack.)