"Arrange your financial life in a way that a bad investment here and a missed financial goal there won’t wipe you out so you can keep playing until the odds fall in your favor."

- The Psychology of Money

Let’s Discuss;

Most people think investing is about finding the perfect opportunity. I think it’s more about discipline, patience, and managing risk over time.

Small consistent decisions compound faster than big emotional ones.

What do you think matters more in investing, strategy or behavior?

"The necessary condition for the existence of bargains is that perception has to be considerably worse than reality. That means the best opportunities are usually found among things most others won’t do."

— Howard Marks

“In 2001, Warren Buffett gave a talk at the University of Georgia.

He asked them the most Warren Buffett question ever:

• If you could invest in a friend and get 10% of their income for life -- who would you pick?….

"To achieve long-term success over many financial market and economic cycles, observing a few rules is not enough.

Too many things change too quickly in the investment world for that approach to succeed…

"Even the intelligent investor is likely to need considerable willpower to keep from following the crowd."

— Benjamin Graham

"The relationship between price and value holds the ultimate key to investment success. Buying below value is the most dependable route to profit."

— Howard Marks

"It’s an easy game, if you can control your emotions."

— Warren Buffett

“The only way to avoid mistakes is not to invest, which is the biggest mistake of all.”

— John Templeton

"Extreme patience combined with extreme decisiveness. You may call that our investment process. Yes, it's that simple."

— Charlie Munger

"I don't look for reasons to buy a given business—I look for reasons to reject buying the stock. I'm looking for why should I turn it down. If I can find what I call the slightest pretext to turn it down, I'm done."

— Mohnish Pabrai

Charlie Munger:

“What caused [my] financial success was not extreme ability. I have a good mind, but I'm way short of a prodigy. And I've had results in life that are prodigious. And that came from tricks. I just learned a few basic tricks.”

“One – I invert all the time.”