Quote for the Week
My general idea is, there’s no point in fretting too much about what you can’t fix. It’s a big mistake to fill yourself with resentments and hatreds and so on. And it’s such a simple idea but so many people ruin their lives unnecessarily. It’s like — envy is such a stupid thing to have because you can’t possibly have any fun with that particular sin. Who in the hell ever had any fun in envy? What good could envy possibly do for you? And somebody is always going to be doing better than you are. It’s really stupid. My system in life is to figure out what’s really stupid and then avoid it. It doesn’t make me popular, but it prevents a lot of trouble. — Charlie Munger (source)
From the Archives
Last Call
- Does Money Buy Happiness, According to Science? – Clear Thinking
- Dow 1 Million? A Possibility in Many Investors’ Lifetime – D. Noonan
- 7 Timeless Investing Ideas from Bernard Baruch – D. Faroux
- Stocks (and Bonds) for the Long Run: Part 3 – Klement on Investing
- Investing in U.S. Financial History: Three Principles, Three Excerpts – M. Higgins
- Breaking The Ice: Frederic Tudor’s Frozen Empire – Investor Amnesia
- Off the Run: Piero Sraffa and Imperial Japanese Government Bonds – Irvin Union
- A 6,700-Yyear History of Asbestos – The Conversation
- The Mathematical Muddle Created by Leap Years – BBC