Warren Buffett, the ‘Oracle of Omaha,’ one of the most successful experts at picking stocks, famously started investing at the age of 11.1Source: CNBC
He bought his first shares for $38 apiece. He is now worth $133 billion in 2024.2Source: Forbes
This level of success can only happen if you have a system for success. Investing in public equities is not like gambling. There is a thought process behind picking stocks.
My next book, The Stoic Path to Wealth, comes out on July 16. While it’s something I’m excited about, this milestone put a lot of imaginary pressure on my work routine last year.
I started thinking about the marketing strategy when I finished the manuscript with my editor in November 2023.
I recently read about a study in MIT Technology Review that looked into the relationship between intelligence and success.1Source: MIT Technology Review The researchers tried to learn the connection between being smart and being rich.
They concluded: “The most successful people are not the most talented, just the luckiest.”
I think this is true. There’s no correlation between knowledge and wealth. As Warren Buffett once said:
“If past history was all that is needed to play the game of money, the richest people would be librarians.”
Before I discovered Stoic principles, I went through life without a clear purpose. Without any idea of how to live a good life.
I simply imitated the actions and behavior of those around me. But the truth is that most people are unhappy and aimless.
I seriously started practicing Stoicism when I was 28. That’s when things started to change in my life. That was in 2015. Since then, I’ve become happier every year.