June 27, 2024

“A realistic financial plan begins with listing your strengths and weakness around mon”

1:25 PM

“Start the list with the inner resources and virtues we have already discussed. Next, move on to your relative mastery of the specifics of practical Knowledge such as taxes, investments, budgeting, estate planning, insurance, retirement planning, and economic theory.”

1:26 PM

“”

1:27 PM

“first concerns what is known as total rate of return and its importance in understanding investment performance. The second has”

1:33 PM

“the effect of different rates of return on the growth of your assets and net w”

1:33 PM

“Third, you need to comprehend how powerfully the compounding of different rates of return over periods of years”

1:33 PM

“learning about different asset categories, rates of return, and the power of compounding will have a powerful impact on the successful accomplishment of your dreams.”

1:35 PM

“the best strategy for maximizing return and minimizing risk is to buy a representative selection of stocks and hold them for a long time, despite periods of fear or apparent market peaks”

1:38 PM

“The danger of Knowledge is not its impermanence but our inclination to cling to what we know as if it were absolute.”

1:45 PM

“The next step in your financial autobiography is to record your current understanding of the practical aspects of Knowledge”

1:56 PM