Investing is Hard You make the most money when you are right and contrarian. -- Many of us greatly admire Warren Buffett and Charlie Munger. They have taught us so much about consistent compounding, playing the long game, and the elements of a great business. Berkshire Hathawa…↗

Charlie Munger said: “If all you ever did was buy high-quality stocks on the 200-week moving average, you would beat the S&P 500 by a large margin over time. The problem is, few human beings have that kind of discipline." 📉↗

1/ Charlie Munger's second tweetstorm, but this time for new business school graduates. "We get these questions a lot from the enterprising young. It’s a very intelligent question: You look at some old guy who’s rich and you ask, ‘How can I become like you, except faster?’"↗

1/ Graduating seniors deserve a Charlie Munger Tweetstorm with appropriate life advice to mark the occasion. "I want you to learn as much as you can vicariously. It’s too painful to do it by personal hardship. “You don't have to pee on an electric fence to learn not to do it”↗

Let's do this. 1/ Buffett: "Most people come to our meeting to hear Charlie. At 96 he is in fine shape. It didn't seem like a good idea to have him come to this meeting. Charlie is in fine shape and he will be back next year." Charlie is now doing video streaming meetings.↗

What's your favorite Charlie Munger quote?↗

1/ "We have to have a business with some inherent characteristics that give it a durable competitive advantage." C. Munger "The key to investing is ... determining the competitive advantage of any given company and, above all, the durability of that advantage." W. Buffett↗