Reflections
“The big money is not in the buying and selling, but in the waiting.” – Charlie Munger
Chris Lee Susanto, Founder at Re-ThinkWealth.com
6 June 2019
“The big money is not in the buying and selling, but in the waiting.” – Charlie Munger
Recently, I have come into the trap of being too focused on the short term price movements of stocks.
A meaningful change that can occur in a company will not happen fast. It will take the fastest months and likely years for significant change to happen.
The investment will always be more apparent when looking in hindsight.
But all the future that we will see is in the Now.
All we can do Now is just to take positions in ideas that we think have a high probability of us being right in the long run.
It’s important to start with the assumption that we truly cannot predict the future with a 100% certainty. All we can do is to invest in a high probability event in the future.
Chris Susanto Notes
6 June 2019
Disclaimer:
The information provided is for general information purposes only and is not intended to be a personalized investment or financial advice.
Important: Please read our full disclaimer.
Read also now:
Why Investing is Not About Predicting, but Positioning
InvestingWhy Investing is Not About Predicting, but PositioningBy Chris Susanto,Editor at Re-ThinkWealthFounder at Value Investing MentorshipIn a world where everyone is obsessed with the noise of stock price fluctuations, quarterly earnings beat or macro economic...
Strategic Positioning: How to Win Without Predicting the Future
ReflectionsStrategic Positioning: How to Win Without Predicting the FutureBy Chris Susanto,Editor at Re-ThinkWealthFounder at Value Investing MentorshipMost people treat their lives like a lottery ticket. They pick a number—a specific career goal, a dream house, a...
VIM Introduces New Logo & Reflects on It’s Transformation over the Years
I just turned 31 recently and usually on my birthdays, it’s always feels like the right time to reflect on my …
My Reflections and Learnings on My 31st Birthday | Re-ThinkWealth
I just turned 31 recently and usually on my birthdays, it’s always feels like the right time to reflect on my …
Remembering Daniel Kahneman: Author of Thinking, Fast and Slow
The world of behavioral economics and psychology lost a giant with the passing of Daniel Kahneman in March …
Ray Dalio’s Gems: My Key Learnings for Life and Success (Updated Regularly)
Ray Dalio is a global macro investor for more than 50 years, who founded Bridgewater Associates out of …
Asbury Automotive: An Undervalued Gem in The Stock Market?
I have owned shares in Asbury Automotive Group, Inc., for about 18 months. Asbury is essentially a collection of …
Recession Fears and Value Investing: Navigating Uncertainty and Building Long-Term Wealth
In the past year, the world has been grappling with a looming recession and high inflation. There is a question of whether we […]
Conquering the Inner Market: Psychology for Investing Success
The concept of “Antifragile” is popularized by Nassim Nicholas Taleb in his book that is aptly named “Antifragile”. What is Antifragile? …
Becoming Antifragile in Stock Investing by Embracing The Volatility
The concept of “Antifragile” is popularized by Nassim Nicholas Taleb in his book that is aptly named “Antifragile”. What is Antifragile? …
Demystifying the S&P 500: A Beginner’s Guide to America’s Stock Market Powerhouse
Have you ever heard of the S&P 500? This mysterious abbreviation often pops up in financial news, leaving many wondering what is it […]
Here’s How to Budget with Value Investing Principles
For a lot of people, budgeting their finances feels like a chore. In this article, I will share my thought process on how we view budgeting …
Why Investing is Not About Predicting, but Positioning
InvestingWhy Investing is Not About Predicting, but PositioningBy Chris Susanto,Editor at Re-ThinkWealthFounder at Value Investing MentorshipIn a world where everyone is obsessed with the noise of stock price fluctuations, quarterly earnings beat or macro economic...
Strategic Positioning: How to Win Without Predicting the Future
ReflectionsStrategic Positioning: How to Win Without Predicting the FutureBy Chris Susanto,Editor at Re-ThinkWealthFounder at Value Investing MentorshipMost people treat their lives like a lottery ticket. They pick a number—a specific career goal, a dream house, a...
VIM Introduces New Logo & Reflects on It’s Transformation over the Years
I just turned 31 recently and usually on my birthdays, it’s always feels like the right time to reflect on my …
My Reflections and Learnings on My 31st Birthday | Re-ThinkWealth
I just turned 31 recently and usually on my birthdays, it’s always feels like the right time to reflect on my …
Remembering Daniel Kahneman: Author of Thinking, Fast and Slow
The world of behavioral economics and psychology lost a giant with the passing of Daniel Kahneman in March …
Ray Dalio’s Gems: My Key Learnings for Life and Success (Updated Regularly)
Ray Dalio is a global macro investor for more than 50 years, who founded Bridgewater Associates out of …
Asbury Automotive: An Undervalued Gem in The Stock Market?
I have owned shares in Asbury Automotive Group, Inc., for about 18 months. Asbury is essentially a collection of …
Recession Fears and Value Investing: Navigating Uncertainty and Building Long-Term Wealth
In the past year, the world has been grappling with a looming recession and high inflation. There is a question of whether we […]