Author name: Steve Burns

After a lifelong fascination with financial markets, Steve began investing in 1993 and trading his accounts in 1995. It was love at first trade. After more than 30 successful years in the markets, Steve now dedicates his time to helping traders improve their psychology and profitability. New Trader U offers an extensive blog resource with more than 4,000 original articles, online courses, and best-selling books covering various topics.

Charlie Munger: 10 Brutally Honest Wealth Lessons the Middle Class Doesn’t Want to Hear

Charlie Munger: 10 Brutally Honest Wealth Lessons the Middle Class Doesn’t Want to Hear

Charlie Munger, Personal Finance, Wealth /

Charlie Munger spent nearly a century building wealth and saying out loud what most financial advisors are too polite to tell you. As Warren Buffett’s business partner and vice chairman of Berkshire Hathaway, Munger helped compound returns of roughly 44,000-to-1 over their tenure. His wisdom was blunt, uncomfortable, and aimed directly at the habits that […]

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Top 10 Books That Built More Entrepreneurs Than Any MBA

Top 10 Books That Built More Entrepreneurs Than Any MBA

Best books, Book Reviews, Books, Business, Entrepreneur /

The most successful entrepreneurs in the world share an everyday habit. They read obsessively, and the books they credit with shaping their thinking rarely come from a business school syllabus. Across interviews, surveys, and recommendation lists, the duplicate titles keep appearing. These books changed how founders think about risk, strategy, money, and resilience. Here are

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10 Lessons Men Learn Too Late In Life, According to Confucius

10 Lessons Men Learn Too Late In Life, According to Confucius

Success /

Confucius lived over 2,500 years ago, yet his observations about human nature cut deeper than most modern self-help books. His teachings were compiled in the Analects by his students after his death, and they’ve survived because they describe patterns of human failure that never change. The painful truth is that most of these lessons only

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Warren Buffett’s “20-Punch Card” Strategy That Changes How You Invest Forever

Warren Buffett’s “20-Punch Card” Strategy That Changes How You Invest Forever

Investing, Warren Buffett, Wealth /

Most investors lose money not because they make terrible picks, but because they make too many. Warren Buffett, one of the most successful investors in history, developed a mental model that tackles this problem at its core. He calls it the “20-Punch Card” approach, and it forces you to treat every investment decision as if

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Charlie Munger: 10 Reasons Why So Many Smart People Never Get Rich

Charlie Munger: 10 Reasons Why So Many Smart People Never Get Rich

Charlie Munger, Psychology, Wealth /

Charlie Munger spent decades observing why intelligence and wealth don’t automatically go hand in hand. As Warren Buffett’s longtime business partner, Munger watched brilliant people make the same financial mistakes over and over. His conclusion was clear: getting rich has far less to do with IQ than most people think. The real barriers to wealth

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10 Middle Class Careers That Won’t Survive AI — And the Wealth Strategy That Will

10 Middle Class Careers That Won’t Survive AI — And the Wealth Strategy That Will

AI, career, Job, Wealth /

The careers that built the American middle class are being dismantled by the same technology most workers still think of as a novelty. AI is not coming for blue-collar jobs first, as most other technological advances have — AI is eliminating the white-collar roles that college graduates spent decades training for and depending on. From

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Warren Buffett’s 7 Simple Wealth Formulas the Middle Class Overcomplicates

Warren Buffett’s 7 Simple Wealth Formulas the Middle Class Overcomplicates

Personal Finance, Warren Buffett, Wealth /

Warren Buffett built one of the greatest fortunes in history using formulas simple enough to fit on an index card. His wealth equations have never relied on complex algorithms or sophisticated financial engineering. Yet the middle class consistently takes these straightforward calculations and buries them under layers of unnecessary complexity that serve as excuses for

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Charlie Munger’s 10 Mental Models for Building Wealth in Any Economy

Charlie Munger’s 10 Mental Models for Building Wealth in Any Economy

Charlie Munger, Psychology, Wealth /

Charlie Munger spent decades as Warren Buffett’s right-hand man at Berkshire Hathaway, but his most significant contribution to the world of investing may not be any single trade or deal. It was his relentless push for multidisciplinary thinking. Munger believed that the best investors and decision-makers don’t rely on one narrow framework. They build a

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5 Stoic Rules for Mental Toughness Most Men Learn Too Late

5 Stoic Rules for Mental Toughness Most Men Learn Too Late

Stoicism, Success /

Most men spend years reacting to life instead of responding to it. They let anger dictate their decisions, anxiety steal their focus, and other people’s opinions shape their identity. The ancient Stoics solved this problem thousands of years ago. Still, most men don’t discover these principles until after they’ve already paid a heavy price in

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Make this a realistic photographic image of Charlie Munger like photos that exist in the real world for a YouTube video titled: Charlie Munger: 5 Wealth Principles the Middle Class Should Master (Do not put words on the image)

Charlie Munger: 5 Wealth Principles the Middle Class Should Master

Charlie Munger, Personal Finance, Wealth /

The late Charlie Munger, Warren Buffett’s longtime business partner and vice chairman of Berkshire Hathaway, built a multi-billion-dollar fortune through disciplined thinking and relentless avoidance of financial mistakes. His wealth philosophy was never about complex strategies or brilliant speculation. It was about rationality, patience, and doing the obvious things right over a long period of

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5 Types of People You Should Never Trust, According to Warren Buffett

5 Types of People You Should Never Trust, According to Warren Buffett

Business, career, Warren Buffett /

Warren Buffett built Berkshire Hathaway into one of the most valuable companies in history. Along the way, he learned that success in business and investing depends less on finding great opportunities and more on avoiding the wrong people. Across decades of shareholder letters, annual meetings, and interviews, Buffett has been remarkably consistent about who deserves

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Marcus Aurelius and 9 Other Stoic Books Every Man Should Read

Marcus Aurelius and 9 Other Stoic Books Every Man Should Read

Best books, Book Reviews, Books, Stoicism /

Stoicism is one of the oldest and most practical philosophies ever developed. It teaches self-discipline, emotional control, and the ability to focus only on what you can influence. These principles are just as powerful today as they were in ancient Rome. The following ten books offer a complete education in Stoic thinking. Whether you are

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10 Things Charlie Munger Learned About Human Nature That Made Him Wealthy

10 Things Charlie Munger Learned About Human Nature That Made Him Wealthy

Charlie Munger, Psychology /

Charlie Munger spent seven decades studying why intelligent people consistently make terrible financial decisions. While most financial education focuses on charts and market timing, Munger devoted his life to a deeper question: what is it about human psychology that leads smart people to destroy their own ability to build wealth in the first place? His

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Warren Buffett: 5 Reasons the Middle Class Never Gets Rich

Warren Buffett: 5 Reasons the Middle Class Never Gets Rich

Personal Finance, Warren Buffett /

Warren Buffett built one of history’s greatest fortunes through principles he openly shared for 6 decades in Berkshire Hathaway shareholder letters and annual meeting Q&A sessions. His teachings consistently reveal the behavioral patterns that keep the middle class trapped in a cycle of earning and spending without ever building real wealth. Here are the top

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The 10 Stoic Rules of Self-Discipline That Marcus Aurelius Lived By

The 10 Stoic Rules of Self-Discipline That Marcus Aurelius Lived By

Psychology, Stoicism /

Marcus Aurelius ruled the Roman Empire for nearly two decades, yet he considered his most significant battle to be the one he fought within himself. His private journal, known today as Meditations, reveals a man who held himself to an extraordinary standard of self-discipline through Stoic philosophy. These ten principles weren’t abstract theories for Marcus.

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Why Smart People Struggle to Get Wealthy (The Psychology of Wealth)

Why Smart People Struggle to Get Wealthy (The Psychology of Wealth)

Finance, Financial Freedom, Financial Independence, Wealth /

Some of the most intelligent people you know are likely struggling financially. They have advanced degrees, high-paying careers, and sharp analytical minds, yet their net worth tells a very different story. Intelligence alone has never been a reliable path to wealth, and the very traits that make someone intellectually gifted often become the most significant

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Charlie Munger: The Top 5 Things Middle-Class People Waste Money On

Charlie Munger: The Top 5 Things Middle-Class People Waste Money On

Charlie Munger, Personal Finance /

The late Charlie Munger, Warren Buffett’s longtime business partner and vice chairman of Berkshire Hathaway, built a multi-billion-dollar fortune not through brilliant speculation but through disciplined avoidance of financial mistakes. His philosophy centered on a deceptively simple idea: “It’s remarkable how much long-term advantage people like us have gotten by trying to be consistently not

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Robert Kiyosaki's Essential Reading List: 8 Books He Recommends The Most

Robert Kiyosaki’s Essential Reading List: 8 Books He Recommends The Most

Best books, Book Reviews, Books, Wealth /

Robert Kiyosaki, the author of Rich Dad Poor Dad, has spent decades challenging conventional thinking about money, investing, and financial education. Beyond his own writing, Kiyosaki is known for recommending books that shaped his worldview and reinforced his belief that traditional education fails to prepare people for real financial success. The books on this list

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Warren Buffett: 5 Wealth Principles the Middle Class Should Master

Warren Buffett: 5 Wealth Principles the Middle Class Should Master

Investing, Personal Finance, Warren Buffett, Wealth /

Warren Buffett built one of the greatest fortunes in history not through luck or inheritance, but through a set of principles anyone can adopt. The Oracle of Omaha has spent decades sharing his philosophy on money, investing, and financial discipline through shareholder letters, interviews, and public appearances. What makes his approach so powerful is its

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5 Types of People You Should Never Trust According to Charlie Munger

5 Types of People You Should Never Trust According to Charlie Munger

Charlie Munger, Success /

Charlie Munger spent decades studying human behavior, and he came to one powerful conclusion. The people most likely to lead you astray are not always the ones who seem dishonest on the surface. They are the ones whose psychology, incentives, or ego make reliable behavior nearly impossible. Munger did not build his framework on gut

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