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Investing & Finance

The Intelligent Investor by Benjamin Graham

The key to smart investing lies in maintaining emotional discipline and resisting market hype, focusing on company fundamentals rather than daily market fluctuations. Success comes from buying undervalued assets with a margin of safety, protecting yourself from uncertainty, and avoiding speculative predictions. True investment wisdom emphasizes patience, independent judgment, and safeguarding against inevitable market errors, rather than chasing trends or trying to outguess the market.

The Psychology of Money by Morgan Housel

Financial success is less about knowledge and more about behavior, as emotions, perceptions, and personal experiences often drive money decisions. Morgan Housel emphasizes the importance of understanding the role of luck, risk, and long-term thinking in managing finances, showing that patience, humility, and adaptability are key to building and preserving wealth. By recognizing that personal finance is deeply emotional and individual, we can make better decisions that align with our goals and values over time.

Poor Charlie’s Almanack by Charles T. Munger

Make intellectual friendships with great thinkers of the past to deepen your understanding, and avoid relying on a single approach for every problem—embrace multidisciplinary thinking instead. Foster self-reinforcing pride in your actions and focus on eliminating mistakes by thinking backward, inverting problems to uncover potential pitfalls. Above all, stay within your circle of competence, recognizing the value of thoughtful inaction and the importance of aligning incentives for long-term success.

Die With Zero by Bill Perkins

The key to a fulfilling life is prioritizing meaningful experiences over excessive saving or material possessions, as memories pay dividends long after the moment has passed. By adjusting your spending and saving dynamically based on your life stages, you can smooth out consumption and maximize enjoyment across your lifetime. Balancing health, time, and money, while planning your life through time buckets, allows you to live fully in the present while preparing for the future.

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