Personal Finance
Charlie Munger has been a mentor for me. As one of the wisest investors of all time and the business partner of Warren Buffett, Charlie lived a unique life. I wanted to share 99 quotes from him with you. Each one of them requires to be digested and contemplated on.
Philosophy
I have been to Berkeley, California in January 2023. I was deeply shocked to see that one of the departmental buildings had a separate parking area for Nobel Prize Winners from that department. There are countries being proud of their scientists and writers when they received the Nobel Prize. Berkeley
Business
I believed that hard work is necessary for success. I still think it is necessary. However, I started not believing in the concept of “hard work”. What is really “hard work”? I mean, what is the extent of a work after which it becomes “hard”? Sometimes, 1 hour of work
Philosophy
We all remember the joy we had while listening to a great teacher. The passion, the energy and the flow in the words made us listen and show interest. Great teachers become sub-conscious role models for students around the world. I thought about this for a long time. I wondered
Business
I began my business career thinking that having more employees is a sign of success. I understood that it is actually not. Having high-quality people around you and in your team is obviously a plus. But the new forms of leverage can also be more beneficial for your business than
Philosophy
I like using “jungle” as an analogy for life. It is complex. It looks ordered from a distance and detailed while you are within it. There are major paths in that jungle. Most people walk on those paths as they trust that the crowd is on the right path. But
Personal Finance
If we can improve financial literacy, we will have the opportunity to achieve greater investment returns. Not only on micro but also on the macro level. It is not about day trading and speculating. Actually, each unknowledgeable investment action is a form of speculation. Grossly overvalued stocks are serious signs
Philosophy
Each time I hear the word “obsession”, I smile. There might not be any other word that people misunderstand on such a scale. Obsession has such a bad connotation. It reflects the imbalance, the “unnecessary” ambition and being “stubborn”. It seems irrational. It seems counterproductive. Whereas I strongly believe that:
Business
“Building value for my community” has been my approach to the question “Why do you do it?”. Business has been the optimum solution for providing value on a large scale. But there is also a different factor here. More than anything else, I love creating. And creating is valuable even
Business
I have prepared over 100 investor decks until this point, maybe checked around 500 of them for references. The “competitors” slide always makes me laugh. There are two approaches here: 1- Putting green ticks to each feature while adding cross marks to competitors. 2- Eliminating 2-3 green ticks from the
Philosophy
Compound interest is key in any domain of life. 1% increase in each day results in a doubling amount every 72 days. It can be any asset. It works on your general wealth, money, status and knowledge. Out of those four, the initial one that you should focus on is
Philosophy
You have 24 chips each day. You generally put 8 of them on “sleep”. You are left with 16. You put 1 on hygiene. Hopefully. You are left with 15. Please put 1 on reading. And use the remaining 14 as effectively as possible. Don’t break the chips. Avoid