The Tale of Three Servants
There were once three servants who lived in an old stately manor at the edge of a quiet village. Since
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Author: Dexter Biddlesworth
Coconut Island (Day 2)
Money $ Coconuts Price of One Coconut: $ Submit Answer Next Exercise → ×Correct! If the amount of money on
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Coconut Island (Day 1)
Imagine that you’ve decided to take a trip to a place called Coconut Island. On Coconut Island, people buy and
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Tracking a Budget
Today, let’s talk about tracking a budget. In other words, let’s talk about how to monitor our income, expenses, and investable funds.
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Budgeting and Investable Funds
Budgeting is crucial when trying to maximize funds available for investment.
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Temperament
In order to be successful at the game of investing, an investor needs the right mix of patience, humility, confidence and caution. In other words, an investor needs the right temperament to succeed.
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Punch Card Investing
Today, I’d like to talk about the concept of punch card investing. This was a concept that was popularized by Warren Buffett.
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Never Lose Money
When a person starts to invest, it seems obvious that the objective should be to make as much money as possible. This can lead to first time investors becoming blind to the risks that they’re taking so that they can earn higher returns. Like many things in life, this is a problem that needs to be inverted. Instead of asking how can I earn higher returns, investors first need to ask how can I avoid losing money?
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Active Versus Passive Investing
After you’ve saved up some money and decided that it’s time to start investing, the question becomes how should I invest?
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Charlie Munger
Charles (a.k.a. Charlie) Munger is a lawyer turned businessman and investor. He is Warren Buffet’s right-hand man and Vice Chairman of Berkshire Hathaway.
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