No one on their deathbed ever said they wished they’d spent more time at work. Yet, many spend years, decades even, at a job just to figure this out near their deathbed. They place so much importance on their work, their job becomes a big part of their self-worth. They’re proud of their work, and […]
My favorite quote is not about investing or success. Neither is it from Warren Buffett or Jim Rohn, two gentlemen who I admire greatly. No, my favorite quote is from the French scientist and philosopher Blaise Pascal. Here it is: “All of humanity’s problems stem from man’s inability to sit quietly in a room alone.” […]
The secret to getting rich is as powerful as it is unexciting: live below your means. That’s it. The bigger the difference between what you earn and what you spend, the sooner you’ll find yourself with enough money to do what you want with your life. Now, I realize that “live below your means” may […]
Berkshire Hathaway’s annual meeting is being held today and the most popular section of the meeting is always the question and answer portion. Warren and Charlie field questions for hours covering a wide range of topics. In these sessions, Buffett is often criticized for giving “generic” advice. Indeed, much of his advice smacks of mid-west […]
Subscriber Drew contacted me awhile back with a great suggestion for an article about holding cash and the stock markets. Here’s Drew… Hi Monty, I’m a big fan of your concise and great advice, and I have a selfish suggestion for a column: what to do when you’re nervous about investing in the markets. I’ve […]
“It’s fine to celebrate success, but it is more important to heed the lessons of failure,” Bill Gates said. We tend to shower praise on those who have triumphed. But very rarely do we examine all the times the triumphant have failed, and analyze how they turned their failures into success. Most people have the […]
Five seagulls are sitting on a dock. One of them decides to fly away. How many seagulls are left? Did you answer four? That’s incorrect. There are still five. Deciding to fly away and ACTUALLY flying away are two very different things. Despite popular belief to the contrary, there is absolutely no power in intention. […]
