00:00Want to crack the code of investing success? Let's uncover three timeless lessons from legendary investor Charlie Munger.
00:07Lesson 1. Buy wonderful businesses at fair prices.
00:11Munger reminds us, it's far better to buy a great company at a fair price than a fair company at a great price.
00:17Focus on quality over bargains.
00:19Lesson 2. Big money isn't in buying or selling, it's in waiting. The real power of investing lies in patience.
00:27Munger's advice? Let compounding do the heavy lifting. Your wealth will thank you later.
00:32And Lesson 3. Good businesses are ethical businesses.
00:35Companies that act with integrity and treat their customers, employees, and the world right, tend to thrive long term.
00:42So remember, quality, patience, and ethics. Munger's trio of wisdom that can transform how you invest.
Comments