Top investing advice from Charlie Munger (he served as vice chairman of Berkshire Hathaway) as summarized in the Poor Charlie’s Almanack: Learning # 1 Try to be consistently not stupid.Stay in your circle of competence. Avoid investing in areas and companies that you don’t understand.
1 Prioritise safety of capital. A 10-year government security will currently give a return of 6% to 6.5% 2 Stay with products you understand like fixed deposit, G Sec or short-term debt mutual funds 3 Remember there is a need for beating the inflation over
You may be surprised but it is true that if you use two of the investing principles to your advantage you can create a reasonable retirement corpus. The two principles are: 1.Pay yourself first: This means taking out a fixed sum every month from your
