All comments, links, and content posted or shared by users of the community are the opinion of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Financial Inc., Moomoo Technologies, any affiliates, or any employees of MFI, MTI or its affiliates. Please consult a qualified financial professional for your financial planning and tax situations.
102362254 : In my time as an investor, I've learned the power of continuous learning, the value of inverting perspectives, and the importance of long-term thinking from Charlie Munger. His blend of wisdom, ethics, and wit has left a lasting impact on the world of investing and beyond.
stevenlsf1 : The Nasdaq Composite slipped 0.6% on November 30, ending the month at 13,543.062. The Nasdaq was dragged down by weakness in technology and consumer discretionary stocks, which faced pressure from higher interest rates and valuation concerns. The Nasdaq still rose 7.4% for the month, but lagged behind the other major indexes2
doctorpot1 : one of Charlie's quote is to Be a learning machine. Charlie Munger said, “I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy that help, particularly when you have a long run ahead of you.”
Being a learning machine has helped me to expand my knowledge and perspective, and to improve my investing skills and results. By being curious, humble, and open-minded, I have been able to learn from various sources and disciplines, such as history, psychology, economics, and more. By updating my beliefs and opinions based on new evidence and logic, I have been able to avoid confirmation bias, and to adapt to changing circumstances and opportunities. By seeking knowledge from various sources and disciplines, I have been able to develop a multidisciplinary mental framework, or what Charlie Munger called a "latticework of mental models", that helps me to understand the world better and to make better decisions.
103724850 : thanks
ZnWC : I learned that emotional trading is the greatest enemy and one should avoid at all cost. This problem has been identified by Charlie Munger:
"Most people are too fretful, they worry too much. Success means being very patient, but aggressive when it's time".
Lesson learned: Although buying stocks during a market crash may cause some emotional discomfort in the short run, it can lead to high returns. Adopting a long-term focus, as Munger suggests, and actively adding quality businesses to your portfolio while they offer good value for money can enhance your long-term returns.
I haven't encountered financial crisis like Charlie Munger did in 2008. It must be very frightening to see stock market crash and I always remind myself to keep emergency fund to avoid panic selling. Another trap to beware is greed which can lure us into taking more risk beyond our mean.
I also learned that we should make our own decision when investing in stocks and not blindly follow others or what the media said. We should make our plan (unique) based on your mean and objective. This is what Munger said about herd mentality:
"Mimicking the herd invites regression to the mean".
Lesson learned: Concerned investors may seek comfort from their peers in a market crash. They may, for example, be worried about the prospects for the stock market. This could lead them to follow the actions of their peers, which in many cases could be to avoid buying stocks until the outlook for the economy starts to improve.
Lazybones hippo : Gains
cola1010 : Studying the experiences of successful investors such as Charlie Munger highlights the need for discipline, flexibility, and patience in the fast-paced world of finance. In order to minimise risk, diversification is important. Long-term thinking is also important for navigating market volatility, and ongoing education is necessary to stay up to date on economic developments. Effective risk management, emotional discipline, and adaptability are key principles, with value investing in undervalued assets being a strategy associated with success.
HuatLady : As a long term investor, I owe a debt of gratitude to the late Charlie Munger for imparting invaluable lessons. His wisdom has not only honed my mindset but fortified my ability to endure losses and adversity with patience, discipline and agility without losing sight of reason.
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
TinkerB3ll : I have learned that stick to the strategy that works, different strategy works for different tools. It’s not applicable for everything for example scalping it’s not about respecting EMA etc but for long term hold it will be looking at the trend. One thing for sure that I learnt the hard way is the trend is your friend
小trader : In my journey as an investor, I've learned valuable lessons from the late Charlie Munger, a true king of investing. His wisdom emphasizes the significance of patience and thorough analysis. I prioritize doing my own due diligence, conducting fundamental analyses, and complementing them with technicals to determine optimal entry points.
One quote from Charlie Munger that resonates with my approach is, 'The big money is not in the buying and selling, but in the waiting.' This underscores the importance of patience and holding onto well-researched investments. I trust my investment thesis but remain adaptable, updating it based on the evolving market landscape and new information.
View more comments...