Marcus Aurelius ruled the Roman Empire from 161 to 180 AD. The notebook he kept during those years was never supposed to be read by anyone else, and much of it reads like a mentally tired man arguing with himself about how to behave on bad days. After…
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Marcus Aurelius spent much of his reign fighting on the empire’s northern frontier while plague spread at home. During those years, he kept a private journal and used it to argue with himself about how to think. That notebook is now called Meditations. Smart people still read it…
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Most people knew the late Charlie Munger as Warren Buffett’s partner and the longtime vice chairman of Berkshire Hathaway. Fewer people know that he started out as a lawyer in Los Angeles and later ran his own investment partnership before joining Buffett full-time. Those early jobs taught him…
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Charlie Munger lived to 99, and he never got rich by chasing whatever was hot. He spent decades as Warren Buffett’s partner at Berkshire Hathaway, and his advice on money remained almost boringly simple throughout. He wanted to own things that grew more valuable every year. Sometimes that…
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High earners and wealthy families aren’t always the same people. Plenty of doctors and lawyers with high salaries never build lasting wealth, while many quiet millionaires get there by investing in assets that grow. Most middle-class and working-class households trade hours for a paycheck and keep the bulk…
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Charlie Munger was Warren Buffett’s business partner for decades, and his thinking helped shape the vast operations of Berkshire Hathaway. He had little patience for complicated formulas or for investors who made emotional decisions. His approach rested on a short list of plain ideas that he stuck with…
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A lot of men from working-class and middle-class homes hit their forties and feel blindsided. They did what they were told and paid their bills on time, yet nobody ever explained the rules that actually govern money and power. Kids raised in wealthy families tend to pick up…
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Most of us were taught one way to get ahead. Earn a paycheck, save what you can, and contribute to a 401(k) every month until you reach retirement. That approach works. It’s just not how the richest families got where they are, and the assets they rely on…
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Emperor Marcus Aurelius ruled the Roman Empire while fighting long wars on the northern frontier and enduring a plague that swept across the provinces. In whatever quiet hours he could find, he wrote notes to himself in Greek. Those notes became Meditations. He never meant for anyone else…
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“Generally speaking, envy, resentment, revenge, and self-pity are disastrous modes of thought.” – Charlie Munger Charlie Munger spent most of his 99 years watching smart people wreck their own lives. Bad luck was rarely the cause. He kept coming back to four mental habits he named again and…
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