<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/eea44fb0-e930-4b54-bb90-658a1f19a81d/bg.jpg" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/eea44fb0-e930-4b54-bb90-658a1f19a81d/bg.jpg" width="40px" /> Every investor reaches a crossroad in the investing journey. A choice between betting for quick bucks based on stock tips/trading ideas versus the more challenging yet meaningful path of Long Term Wealth Creation. The goal of this project is to help emerging investors in the marathon that Charlie Munger says "is not supposed to be easy".

This library is a growing collection of high quality resources (mostly long form videos) that are categorized & outlined. It will continue to expand.

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Long Term = greater than 🔟 years Wealth = ownership in businesses Creator = we, the rational investor

Investor Journeys

<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/7e5f3de2-58bd-49a6-9b15-8b60c551eb87/bg.jpg" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/7e5f3de2-58bd-49a6-9b15-8b60c551eb87/bg.jpg" width="40px" /> Investors can escape agony & financial loss by avoiding mistakes. This section is a collection of investing journeys by some of the best story tellers that will help you learn by standing on the shoulders of giants i.e gain from the experience of others, what to do, most importantly what NOT to do.

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<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/90f7e8d3-7979-428c-87d4-c0c15e297621/bg.jpg" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/90f7e8d3-7979-428c-87d4-c0c15e297621/bg.jpg" width="40px" /> “I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.” ― Charlie Munger

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Resources

Management Quality

<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/7e5f3de2-58bd-49a6-9b15-8b60c551eb87/bg.jpg" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/7e5f3de2-58bd-49a6-9b15-8b60c551eb87/bg.jpg" width="40px" /> The difference between an ordinary & outstanding business is the management. The resources in this section unbox the characteristics of the good, incompetence of the bad & traps of the ugly. The most dependable measure is the track record over a long period of time.

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<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/90f7e8d3-7979-428c-87d4-c0c15e297621/bg.jpg" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/90f7e8d3-7979-428c-87d4-c0c15e297621/bg.jpg" width="40px" /> “If you get an opportunity to get into a wonderful business that's being run by an intelligent fanatic & if you don't load up, it's a big mistake. Intelligent fanatic is a human being who's so talented that he can do things that ordinary skilled mortals can't" ― Charlie Munger

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Resources

Investing Psychology

<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/7e5f3de2-58bd-49a6-9b15-8b60c551eb87/bg.jpg" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/7e5f3de2-58bd-49a6-9b15-8b60c551eb87/bg.jpg" width="40px" /> Humans are rational decision makers is a misnomer. This section brings together resources on behavioral biases, role of emotions in judgement, self-deception (unknowingly breaking breaking our own rules!)

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<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/90f7e8d3-7979-428c-87d4-c0c15e297621/bg.jpg" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/90f7e8d3-7979-428c-87d4-c0c15e297621/bg.jpg" width="40px" /> “To make money in stocks, you need to have vision to see them, courage to buy them and patience to hold them. Patience is the rarest of the three" ― Thomas Phelps,100 to 1 in the Stock Market

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Resources

Market History

<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/7e5f3de2-58bd-49a6-9b15-8b60c551eb87/bg.jpg" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/7e5f3de2-58bd-49a6-9b15-8b60c551eb87/bg.jpg" width="40px" /> The 4 most dangerous words in investing is "this time it's different". To learn about market history is one way to deal with this fallacy. The focus on this section is learnings from the past booms & bubbles.

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Resources

Fundamental Analysis

<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/e36be21b-d64a-4afd-8465-260dd15b43de/bg.jpg" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/e36be21b-d64a-4afd-8465-260dd15b43de/bg.jpg" width="40px" /> Understanding the business & industry is an important step in fundamental analysis. This section will help you learn industry structures & value chains, business model of companies, recognize competitive advantages & pinpoint the barriers to entry.

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<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/b2abb320-4ff8-415c-9e14-ec83aa466c78/bg.jpg" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/b2abb320-4ff8-415c-9e14-ec83aa466c78/bg.jpg" width="40px" /> “A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.” ― Benjamin Graham, The Intelligent Investor

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