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: 5 Reasons Why Most People Stay Broke (Avoid at all Cost)

Charlie Munger: 5 Reasons Why Most People Stay Broke (Avoid at all Cost)

Charlie Munger, Personal Finance, Psychology /

The late Charlie Munger spent decades watching people make the same financial mistakes over and over again. As Warren Buffett’s longtime business partner and one of the most respected investors in history, Munger had a front-row seat to how wealth is built and destroyed. His observations were never sugarcoated. Munger believed that most people don’t […]

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Warren Buffett: 10 Thinking Lessons That Make You Smarter Than Most People

Warren Buffett: 10 Thinking Lessons That Make You Smarter Than Most People

Intelligence, Psychology, Warren Buffett /

Warren Buffett is widely regarded as the greatest investor of all time, but his real edge has never been purely financial. It is cognitive. The way he reasons, filters information, and makes decisions separates him from nearly every investor who has ever lived. Drawn from his quotes, shareholder letters, and decades of Berkshire Hathaway annual

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Charlie Munger’s 5 ‘Inversion’ Secrets: Why Avoiding Stupidity Is Easier Than Seeking Brilliance For Most People

Charlie Munger’s 5 ‘Inversion’ Secrets: Why Avoiding Stupidity Is Easier Than Seeking Brilliance For Most People

Charlie Munger, Intelligence, Psychology /

Charlie Munger spent decades watching brilliant people make catastrophic mistakes. As Warren Buffett’s longtime partner at Berkshire Hathaway, he came to a counterintuitive conclusion: the path to lasting success is not about being the smartest person in the room. It is about being the least foolish. His secret weapon was a thinking tool called inversion,

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10 Books That Deliver The Most Value For Every Minute You Spend Reading

10 Books That Deliver The Most Value For Every Minute You Spend Reading

Best books, Book Reviews, Books /

Not all books are created equal. Some demand weeks of your time and deliver little more than a handful of ideas you already knew. The books worth hunting down and reading are the ones dense with insight, the kind that compress decades of hard-won experience into a few hours of reading, giving you value for

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Charlie Munger: The 17-Point Checklist He Used Before Buying Any Stock

Charlie Munger: The 17-Point Checklist He Used Before Buying Any Stock

Charlie Munger, Investing, Stock Market /

Charlie Munger never handed the world a laminated checklist for stock picking. What he left behind, across decades of speeches, shareholder meetings, and interviews, was a consistent mental framework he applied whenever he evaluated a company. Reverse-engineered from that body of work, this framework produces 17 core filters. Each one reflects his lifelong commitment to

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10 Books Warren Buffett Has Recommended for 50 Years

10 Books Warren Buffett Has Recommended for 50 Years

Best books, Book Reviews, Books, Warren Buffett /

Warren Buffett has spent over six decades building one of the greatest investment records in history. Much of that edge traces back not to Wall Street secrets but to books. A small collection of titles, all published more than 50 years ago, has shaped his thinking from his earliest partnership days to his leadership of

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10 Reasons the Wealth Gap Keeps Growing (And Why the Middle Class Is Losing Ground)

10 Reasons the Wealth Gap Keeps Growing (And Why the Middle Class Is Losing Ground)

Business, Economics, Investing, Wealth /

The wealth gap in America is not a new problem, but it is an accelerating one. For decades, the gap between the top of the income and wealth ladder and those in the middle has steadily widened. While the causes are often oversimplified in political debate, the real drivers are structural, mathematical, and deeply interconnected.

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Charlie Munger: 25 Psychological Biases That Quietly Cause Smart People to Make Bad Decisions

Charlie Munger: 25 Psychological Biases That Quietly Cause Smart People to Make Bad Decisions

Charlie Munger, Cognitive Biases, Intelligence, Psychology /

In 1995, Charlie Munger delivered one of the most consequential lectures in the field of practical psychology. His speech, “The Psychology of Human Misjudgment,” identified 25 cognitive biases that cause intelligent people to make consistently poor decisions. Munger spent decades studying human behavior and concluded that most errors in judgment follow predictable patterns. These tendencies

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Charlie Munger’s 10 “Remedial Worldly Wisdom” Lessons That Make You Smarter Than Most People

Charlie Munger’s 10 “Remedial Worldly Wisdom” Lessons That Make You Smarter Than Most People

Charlie Munger, Success /

Charlie Munger once said that if he were in charge of a law school, he would create a course called “Remedial Worldly Wisdom” — packed with pithy examples, powerful principles, and enough psychology to make the whole experience more useful. He believed it could be, in his words, “a total circus” in the best possible

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10 Books That Can Raise Your IQ (If You Actually Apply Them)

10 Books That Can Raise Your IQ (If You Actually Apply Them)

Best books, Book Reviews, Books, Intelligence /

Most people assume intelligence is fixed at birth, a number stamped into your DNA that never changes. The science tells a different story. Neuroplasticity research shows the brain rewires itself in response to sustained mental effort, and cognitive abilities like reasoning, working memory, and problem-solving can improve meaningfully over time. The catch is that passive

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10 Ways the Middle Class Can Use AI to Build Wealth Instead of Falling Behind in 2026

10 Ways the Middle Class Can Use AI to Help Build Wealth Instead of Falling Behind in 2026

AI, Artificial Intelligence, Investing, Personal Finance, Wealth /

Artificial intelligence is no longer a tool reserved for Silicon Valley engineers or Fortune 500 companies. In 2026, it will be inside the phones and laptops of ordinary people, ready for anyone willing to learn how to use it. The middle class faces a choice. You can watch AI reshape the economy from the sidelines,

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Marcus Aurelius: 10 Hard Stoic Truths Men Only Learn After It’s Too Late

Marcus Aurelius: 10 Hard Stoic Truths Men Only Learn After It’s Too Late

Stoicism, Success /

Marcus Aurelius ruled the Roman Empire at its peak, commanded armies, and navigated political betrayal—yet his most enduring legacy is a private journal he never intended to publish. Meditations is a record of a man forcing himself to see clearly, regardless of how uncomfortable that clarity might be. The truths inside that journal aren’t comfortable.

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10 Books Billionaires LOVE

10 Books Billionaires LOVE

Best books, Book Reviews, Books /

What do the world’s most successful people read? Researchers at MostRecommendedBooks.com have tracked public recommendations from hundreds of billionaires across interviews, letters, speeches, and biographies. The result is a clear picture of which titles shaped the minds of the people behind the world’s biggest fortunes. These books cluster around themes that billionaires return to again

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Charlie Munger: 7 Wealth Mistakes Middle Class People Keep Making

Charlie Munger: 7 Wealth Mistakes Middle Class People Keep Making

Charlie Munger, Investing, Personal Finance /

Charlie Munger spent decades watching people make the same financial errors again and again. As the longtime partner of Warren Buffett and vice chairman of Berkshire Hathaway, Munger developed a reputation not just for building extraordinary wealth, but for understanding exactly why most people fail to do so. His insights were blunt, practical, and often

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10 Ways AI Will Intensify Wealth Inequality in the Next 10 Years

10 Ways AI Will Intensify Wealth Inequality in the Next 10 Years

AI, Economics, Wealth /

Artificial intelligence is not arriving slowly. It is reshaping labor markets, capital flows, and career trajectories faster than most people anticipated. For the middle class, the disruption is not abstract. The structural forces driving wealth concentration are already in motion. Here are ten ways AI will deepen inequality over the next decade. 1. Capital Beats

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10 Books That Help You Escape the Middle-Class Mindset Most People Stay Stuck In

10 Books That Help You Escape the Middle-Class Mindset That Most People Stay Stuck In

Best books, Book Reviews, Books, Psychology, Wealth /

The middle-class mental script is so deeply embedded that most people never question it. Go to school, get a stable job, buy a house, save diligently, and hope the math works out by retirement. It feels responsible, even wise. But for millions of people, it quietly becomes a trap. The books below don’t just offer

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10 Money Habits That Mean You’re Financially Intelligent, According to Charlie Munger

10 Money Habits That Mean You’re Financially Intelligent, According to Charlie Munger

Charlie Munger, Personal Finance, Wealth /

Charlie Munger spent decades studying how people make financial decisions, and what he found wasn’t flattering. Most people, he concluded, don’t fail because they lack intelligence. They fail because they repeat avoidable mistakes, act on emotion, and chase the wrong things. Munger’s financial philosophy wasn’t built on complexity. It was built on behavioral discipline, rational

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America’s Middle Class Is Fleeing to These 10 Cities in Droves in 2026

America’s Middle Class Is Fleeing to These 10 Cities in Droves in 2026

Economics, Real Estate /

Something significant is happening across the American landscape. The middle class is on the move, and it isn’t heading toward the usual giant coastal cities. Driven by affordability pressures, remote work flexibility, and a desire for a better quality of life, millions of families are packing up and relocating to mid-sized cities that offer what

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