scheplick

I always enjoy reading about Charlie Munger. Here are a few gems that I came across and just wanted to reshare here for daily inspiration for all things Buffett and Munger:

1. “It’s remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”
2. “In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero.”
3. “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 when they got up.”
4. “The best thing a human being

In doing tons of research on current cars, this really caught my attention —

Most three-row SUVs now use one of three formulas:

Turbo 4-cylinder
V6
Hybrid 4-cylinder

Mazda went a different direction.

A CX-90 has a 3.3-liter turbocharged inline-6 (“straight six”) with a 48-volt mild hybrid system called M-Hybrid Boost. The non-S version produces 280 hp and 332 lb-ft of torque.

Why is an Inline-6 Special?

An inline-6 is often considered one of the smoothest engine layouts ever created.
Think of the cylinders firing in a perfectly balanced sequence. The engine naturally cancels out many vibrations without needing extra balancing shafts. That’s why historically luxury brand

“it sold every single share it held in Visa and Mastercard, two of the most dominant companies in global payments.”

Story here: https://www.thestreet.com/investing/stocks/warren-buffetts-berkshire-dumps-entire-stake-in-iconic-fintech-giant-visa-stock

I just finished reading a book about Jack Bogle and while I have always known about his passive investing approach, figured I would just quickly drop a few quick 5 tips to this subreddit to get the conversation going.

Before I get to the tips, I do want to say that "Playing the long game" is surely one of the most cornerstone principles. No get rich quick scheme. No unnecessary risk. Just a long-term plan that execute on over decades.

Ignore the noise, and plan it:

1. Buy the whole market
Do not hunt for the perfect stock. Own a broad index fund that gives you exposure to hundreds or thousands of companies.

2. Keep costs brutally low
Fees, expense ratios, trading costs, and t

Passive Investing is potentially the closest investing discipline to a pure science because of its simplicity, rules, data, and methodical process.

There is a checklist, you follow it, you use the market's mechanisms and system to accomplish goals over long periods of time.

There's no fancy trading or speculative strategies. In that, I've been working on 10 simple rules, especially for this Subreddit and want others to try the same. This list is clearly inspired by the legends of this such as Bogle, some Buffett comments, and others:

1. Buy the market, not individual stocks: broad index funds outperform most active managers over time.
2. Keep costs minimal: expense ratios and fees compou