What I Think I Know

What I Think I Know

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Wealth is not determined by investment performance, but by investor behavior

Wealth is not determined by investment performance, but by investor behavior

February 9, 2019 Nate

— Nick Murray from “Simple Wealth Inevitable Wealth” p. 30


Investing, Psychology, Quotes

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Investing is often described as the process of laying out money now in the expectation of receiving more money in the future. At Berkshire we take a more demanding approach, defining investing as the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power – after taxes have been paid on nominal gains – in the future.
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