You might think that writing is only for authors or people who earn a living with their words. That’s not true. Writing is for anyone who needs to focus.
Writing is a tool. One of the ways you can use writing is as a way to improve your focus and productivity.
Imagine getting fired (or losing your main income stream) and being left to fend for yourself. How would you normally focus on coming back?
Charlie Munger once said: “More investors don’t copy our model because our model is too simple. Most people believe you can’t be an expert if it’s too simple.” The simplest investing ideas are truly the best.
Munger was the best at simplifying investing ideas. Together with his partner, Warren Buffett, they invested hundreds of billions of dollars in companies. And every time they were interviewed, they kept it simple.
They stressed that execution matters more than ideas. Munger and Buffett never did anything secret and dozens of books have been written about their investing strategy. They simply executed on another level.
In the vein of Munger, here are 5 simple ideas that will make you rich if you execute them strictly.
The transformative power of writing daily is something I can’t emphasize enough. Since I started writing every day, my life improved tremendously.
The thing is, writing is a form of thinking.
When you’re able to think well on paper, you become more self-aware and in charge of how you live your life. That’s why writing is a skill that everyone — even those who are “not writers” — really needs.
Here are 12 benefits of writing daily that I’ve experienced:
Investing in the stock market can be scary. It’s a combination of big promises, jargon, fear, greed, and mostly, a lot of opinions. No wonder folks are always explaining the stock market.
Everyone’s an expert. I recently read that Gen Z gets their investing advice from their friends.1Source: Wall Street Zen That sounds terrifying.
But it doesn’t have to be. Investing in stocks is not that complicated. So instead of using investing jargon to explain it, let me share three metaphors with you.