Investing Archives - Page 3 of 7

Charlie Munger Explains How Warren Buffett Outperforms the Market

Investing can seem like an intricate puzzle, a game where the brightest minds compete, each leveraging their unique strategies and insights. So, when it comes to consistently outperforming the market, few people could offer more valuable insights than Charlie Munger, the long-term business partner of Warren Buffett at Berkshire Hathaway. In an insightful question-and-answer interview, […]

Charlie Munger Explains How Warren Buffett Outperforms the Market Read More »

Two Golden Rules of Competitive Advantage: Charlie Munger

Investments / Steve Burns

In the ever-evolving business landscape, understanding the underpinnings of competitive advantage is crucial. Few individuals grasp this concept better than Charlie Munger, renowned investor and vice chairman of Berkshire Hathaway. In this article, we will delve into the two guiding principles that have steered Munger’s remarkably successful investment strategy and two other edges that Buffett

Two Golden Rules of Competitive Advantage: Charlie Munger Read More »

How To Invest in S&P 500 (EASY Step-By-Step Guide)

How To Invest In The S&P 500 (EASY Step-By-Step Guide)

Investing / Steve Burns

Venturing into the investing world can seem daunting, particularly if you’re starting for the first time. However, the process can become much less intimidating with careful planning and understanding basic investment principles. The S&P 500, one of the most widely followed equity indices, is an ideal starting point for many new investors. This article presents

How To Invest In The S&P 500 (EASY Step-By-Step Guide) Read More »

Permutations, Combinations, and Probability

Permutations, Combinations & Probability (16 Word Problems)

Business / Steve Burns

“And the great useful model, after compound interest, is the elementary math of permutations and combinations.” – Charlie Munger. What did Munger mean by this quote? Permutations and Combinations Charlie Munger, the long-term business partner of Warren Buffett at Berkshire Hathaway, is known for his emphasis on mental models—frameworks for understanding and interpreting the world.

Permutations, Combinations & Probability (16 Word Problems) Read More »

Sun Tzu Quotes: Lessons from The Art of War (Powerful Warrior Quotes)

Success / Steve Burns

Ancient wisdom often holds relevant lessons for our modern lives. One such source of profound insights is Sun Tzu’s ‘Art of War’, a masterpiece not confined to the battlefield. This classic is a treasure trove of strategies that can illuminate our path in business and investing helping us navigate challenges and seize opportunities. Let’s delve

Sun Tzu Quotes: Lessons from The Art of War (Powerful Warrior Quotes) Read More »

10 Greatest Personal Finance Lessons That Changed My Life

Personal Finance / Steve Burns

In this article, I’ll share the ten most significant personal finance lessons that have transformed my life. These nuggets of wisdom have helped me achieve financial success and live a more fulfilling life. I hope they inspire you and set you on the path to first financial peace, then financial independence, and finally, financial freedom

10 Greatest Personal Finance Lessons That Changed My Life Read More »

9 Financial Goals To Achieve Before 40

Personal Finance / Steve Burns

I want to share with you a list of nine financial goals that I believe are important to achieve before you hit the big 4-0. Age 40 is a significant milestone in life, and being well-prepared for the future is crucial. By setting these objectives and actively working towards them, you’ll enjoy financial security and

9 Financial Goals To Achieve Before 40 Read More »

Opportunity Cost Definition and Real World Examples

Business, Success / Steve Burns

Opportunity cost is a fundamental economic concept that plays a significant role in our daily decision-making process. Warren Buffett, one of the world’s most successful investors, has often stressed the importance of understanding opportunity cost when making investment decisions. By grasping the concept of opportunity cost, we can make better choices regarding our time, money,

Opportunity Cost Definition and Real World Examples Read More »

Middle Class Money Habits Keeping You In The Rat Race! (Avoid To Build Wealth)

Personal Finance / Steve Burns

Escaping Middle-Class Money Habits The middle class often serves as society’s foundation, contributing significantly to the economic health and overall social stability. Yet, due to unfavorable money habits, many middle-class individuals find building wealth and securing financial stability challenging. This article emphasizes recognizing and overcoming these habits to attain financial success. We will provide an

Middle Class Money Habits Keeping You In The Rat Race! (Avoid To Build Wealth) Read More »

6 Money Traps to Avoid in Your 30s

Personal Finance / Steve Burns

As you enter your 30s, you’ll likely experience significant changes in your personal and professional life, which can profoundly impact your finances. It’s a time when many people establish their careers, start families, and make major purchases, such as homes or cars. Unfortunately, the excitement and new responsibilities that come with these milestones can also

6 Money Traps to Avoid in Your 30s Read More »