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:
Beyond value investing: Timeless Insights from the Late Charlie Munger
Charlie Munger was not just an investment icon and the partner of Warren Buffett. He was also a master of navigating life’s complexities…
WeWork: Would An Investment in WeWork Have Worked Out?
WeWork looming bankruptcy. But would an investment in WeWork have worked out, ever? In this article, we look into the story and …
A Beginner’s Guide to Value Investing in Singapore
Value investing is an investment strategy that seeks to buy stocks that are trading below their intrinsic value. This means that the stock is …
Finding True Wealth: Achieving Peace of Mind and Balance in Life
Tony Robbins says that the quality of your life is directly proportional to the amount of uncertainty you can comfortably live with. The key is …
Mastering Risk vs. Return in Investing | Re-ThinkWealth
Risk and return are two of the most important concepts in investing. The relationship between these two factors is crucial to understanding […]
Here are the key principles of value investing | Re-ThinkWealth
The first value investing principle focuses on a company’s intrinsic value. This means looking beyond its market price and considering its […]
Understanding the Margin of Safety in Value Investing
One of the key concepts of value investing is the margin of safety, which is used to potentially reduce the risk of loss in investing in case of…
The Warren Buffett Approach to Value Investing
Based on the Oxford dictionary, value stocks are shares of a company with solid fundamentals that are priced below those of its peers, based …
8 Tips on Life and Investment from Charlie Munger
Based on the Oxford dictionary, value stocks are shares of a company with solid fundamentals that are priced below those of its peers, based …
The Definition and Important Good Characteristics of Value Stocks
Based on the Oxford dictionary, value stocks are shares of a company with solid fundamentals that are priced below those of its peers, based …
The Ultimate List of Investing Resources in Singapore (Updated 2022)
Being an avid follower of many investments and finance blogs/websites/resources in Singapore, I thought, why not create an article sharing the…
Here Are 3 Powerful Lessons Investors Can Adopt from Roger Federer
“There is no way around the hard work. Embrace it.” – Roger Federer. In investment, it is important to continue “turning the stones” or keep finding […]
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 …
Beyond value investing: Timeless Insights from the Late Charlie Munger
Charlie Munger was not just an investment icon and the partner of Warren Buffett. He was also a master of navigating life’s complexities…
WeWork: Would An Investment in WeWork Have Worked Out?
WeWork looming bankruptcy. But would an investment in WeWork have worked out, ever? In this article, we look into the story and …
A Beginner’s Guide to Value Investing in Singapore
Value investing is an investment strategy that seeks to buy stocks that are trading below their intrinsic value. This means that the stock is …
Finding True Wealth: Achieving Peace of Mind and Balance in Life
Tony Robbins says that the quality of your life is directly proportional to the amount of uncertainty you can comfortably live with. The key is …