Most investors lose money because they don’t understand these truths. 💭 Investing isn’t about predicting the future it’s about pricing risk correctly. A mispriced gamble can make you rich. An overpriced one can ruin you. 📉 Diversification protects mediocrity. You can’t outperform the market by copying it. 📊 EBITDA? As Charlie said, it often means “bullsh*t earnings.” Real investors look at cash flow, not accounting tricks. 💡 Intelligence helps. But avoiding stupidity helps more. ⏳ And above all waiting is the hardest, most profitable skill in finance. If you can sit still when everyone else is panicking or chasing hype, you’ve already won. #CharlieMunger #ValueInvesting #WarrenBuffett #InvestingWisdom #FinancialEducation #StockMarket #FinanceMindset #InvestmentStrategy #PatiencePays #MarketPsychology