#363 Li Lu and Charlie Munger and Warren Buffett
Founders
Know Thyself to Thrive in Investing
General business advice often proves ineffective, as it must align with personal authenticity and temperament.Investing strategies tailored to individual qualities and preferences are crucial. The stock market predominantly caters to traders, with a minority of investors, like Buffett, Munger, or Leeloo, adopting a unique mindset. Understanding whether one belongs to the 5% minority or the 95% majority is vital to finding opportunities in investing. Authenticity is essential; without it, sustaining involvement in business and investing becomes challenging. Success and longevity in investing depend on enjoying the process and aligning with one's values. Additionally, self-discovery through experimentation is necessary to identify personal preferences and aversions in the investment landscape.
Remember Everything You Learn from Podcasts
