3-Bullet Sunday (What Is Your Rich Life?)
Hi friends,
It has been 1.5 years since I started Steady Compounding.
As with any project, there are always highs and lows. The lows often kick in when progress starts to plateau and I become frustrated with the gap between my current results & my goals.
In times like this, I remind myself that results don’t go up in a straight line
If you are going through the lows now, remember this:
Alright, let’s focus on the ideas for this week:
I. What is Your Rich Life?
Many personal finance enthusiasts build their life on a spreadsheet.
Even after their wealth has grown to a considerable size, their money psychology hasn’t.
I’m sure we all know that well to do friend or relative who is still penny pinching and is unable to let loose and enjoy life.
Well, they are stuck playing defense.
Life is much better if we are on the offense.
Read the letter here➞What is Your Rich Life?
🎧 Listen (7 min): Apple Podcasts | Spotify | Youtube
II. In Investing, Tracjectory of Moat > Size of Moat
Click on the tweet below to learn how to spot companies with widening moats!
Moat is an important concept in investing, if you aren’t familiar, check out my article.
Learn about moat here➞How Ferrari Delivered Outsized Returns With Its Moat
III. Charlie Munger: “Be Reliable”
A quote from Munger:
“If you’re unreliable it doesn’t matter what your virtues are, you’re going to crater immediately. So doing what you have faithfully engaged to do should be an automatic part of your conduct. You want to avoid sloth and unreliability.”
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The next analysis will be on Crowdstrike and previous reports covered includes Sea Limited, Twilio, Facebook and more!