🚫 4/6: Say No to FOMO
Fear of missing out (FOMO) can lead to rash decisions. Stick to your analysis and strategy, not the emotions stirred by market swings. #InvestmentDiscipline
🧵10/13 The "20-slot" Rule: Munger advises pretending you have a punch card with only 20 slots, each representing an investment in your lifetime. This concept encourages discipline and thorough research in each investment decision. #20SlotRule #InvestmentDiscipline