Munger’s trading mantra:

1. Making big money does not rely on buying and selling, but on waiting.

2. There are three ways to go bankrupt: alcoholism, lust, and gambling.

3. If you cannot accept a 50% retracement, you are destined to accept mediocre investment performance.

4. It is far better to buy a great company at an average price than a mediocre company at a cheap price.

5. Always remind yourself that the long-term rewards of not doing stupid things far outweigh the rewards of being clever.

6. The thing I want to know most is where I will die, and then I will never go there.

7. Short positions require great courage. I didn’t get where I am today by chasing mediocre opportunities.

8. Maintain reverse thinking and look at problems from another angle.

9. Getting rich is like rolling a snowball. The best strategy is to stand on a long snowy road and keep rolling for a long time. #token2049 #美联储是否加息？ #fdusd #带你看看币安Launchpad