If you follow where rich people put their money, you’ll never go broke.
Here's the unsexy asset class private equity billionaires & millionaires are flocking to:
If you follow where rich people put their money, you’ll never go broke. Here's the unsexy asset class private equity billionaires & millionaires are flocking to:
The great art dealers operated like index funds. They bought everything they could. And
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Everything around you will be investible one day....
"With each investment you make, you should have the courage and the conviction to place at least 10 percent of your net worth in that stock."10
Robert G. Hagstrom • The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy
Many finance and investment decisions are rooted in watching what other people do and either copying them or betting against them. But when you don’t know why someone behaves like they do you won’t know how long they’ll continue acting that way, what will make them change their mind, or whether they’ll ever learn their lesson.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
The most impressive people don’t spend their lives on social media or managing their publicity.
Collab Fund • A Few Little Ideas and Short Stories
People are good at learning by imitation. But the hidden nature of wealth makes it hard to imitate others and learn from their ways.