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.

10 Books Rich People Read That Most People Don’t Even Know Exist

10 Books Rich People Read That Most People Don’t Even Know Exist

Best books, Book Reviews, Books, Wealth /

Most financial bestsellers are written to sell as many copies as possible, not to build wealth. The books that actually shape how the world’s most successful investors think rarely appear on airport shelves or morning show segments. They circulate quietly, passed between fund managers, recommended in footnotes, and referenced in shareholder letters. Here are 10 […]

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Charlie Munger: The Latticework Of Mental Models I Used to Become Successful in Life

Charlie Munger: The Latticework Of Mental Models I Used to Become Successful in Life

Charlie Munger, Psychology, Success /

Charlie Munger spent decades building one of the most remarkable investing track records in history alongside Warren Buffett at Berkshire Hathaway. He was not simply a great investor. He was a great thinker. Munger believed that most people fail not because they lack intelligence, but because they rely on too narrow a set of ideas

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Warren Buffett: The 15-Point Checklist He Used Before Buying Any Stock

Warren Buffett: The 15-Point Checklist He Used Before Buying Any Stock

Investing, Stocks, Warren Buffett /

Warren Buffett didn’t build Berkshire Hathaway into one of the world’s most valuable companies by guessing. He applied a disciplined, repeatable framework to every business evaluation. The fifteen principles below, drawn from his shareholder letters, speeches, and interviews, form the checklist behind nearly every major investment decision he ever made. 1. Know Your Circle of

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Charlie Munger: 10 Investing and Life Choices That Quietly Build Wealth

Charlie Munger: 10 Investing and Life Choices That Quietly Build Wealth

Charlie Munger, Investing, Wealth /

Charlie Munger spent decades building extraordinary wealth alongside Warren Buffett at Berkshire Hathaway. Unlike most investors chasing complex strategies and market-beating secrets, Munger’s approach was built on something far simpler. His edge came from a set of consistent choices, practiced quietly over a lifetime. These are the habits and principles that compounded into one of

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10 Things Warren Buffett Learned About Human Nature That Made Him Wealthy

10 Things Warren Buffett Learned About Human Nature That Made Him Wealthy

Psychology, Warren Buffett, Wealth /

Warren Buffett is widely regarded as the greatest investor of the modern era. His wealth was never built purely on spreadsheets or formulas. Buffett spent decades studying how human beings behave with money, and he turned those behavioral insights into a compounding edge that outlasted every market cycle. These are the lessons about human nature

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10 Books Successful People Read That Unsuccessful People Never Even Open

10 Books Successful People Read That Unsuccessful People Never Even Open

Best books, Book Reviews, Books, Success /

Most people read to pass the time. The world’s highest achievers read to gain an edge. There is a meaningful difference between reading for entertainment and reading for transformation. The ten books on this list below have shaped the thinking of billionaires, presidents, and some of the most influential company founders in history. If you

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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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