Real wealth isn’t what you can spend.It’s what you can pass down. ...

The path to financial independence:– Live on less than you make– Save like your future depends on it– Invest in great businesses– Hold through chaos– Reinvest everything– Ignore the noise– Let time and compounding do the restThat’s it. That’s freedom. ...

The market will always give you a reason to sell.And history will always give you a reason to stay. ...

Investment Philosophy - Advocates for a long-term, value-oriented investment approach [2] - Emphasizes the importance of resisting short-term market trends and maintaining a steady investment strategy [2] Financial Prudence - Promotes financial discipline and avoiding unnecessary lifestyle inflation [2] - Recommends reinvesting regularly to build wealth over time [2] Investment Choices - Favors index funds over speculative investments like meme stocks [2] - Suggests prioritizing financial freedom over displaying wealth through material possessions [1]

Investment Strategy - The industry suggests a long-term investment approach: "buy now, hold forever" [1] - The industry moves away from short-term trading strategies like "buy low, sell high" [1]

Market Perspective - The stock market's nature varies across different time horizons, resembling a casino in the short term, a game in the medium term, and a wealth-creation tool in the long term [1]

Investment Strategy - Invest in quality companies [1] - Diversify portfolio with 25+ stocks [1] - Maintain a long-term investment horizon of 5+ years [1] - Regularly contribute additional capital [1] - Disregard market fluctuations and short-term distractions [1] - Learn from investment experiences [1] - Allow time for compounding returns [1] Wealth Building - Consistent investment over time leads to wealth accumulation [1]

Investment Strategy - Dollar Cost Averaging is a strategy that can lead to significant wealth accumulation [1] - The strategy has the potential to create millionaires [1]

Investment Strategy - Invest in high-quality companies and maintain a long-term investment horizon [1]

Market Volatility - Stock market declines are a historical occurrence [1] - Volatility is an inherent and driving force in the stock market [1] Frequency of Market Declines - Declines of 5% happen approximately three times per year [2] - Declines of 10% happen approximately once per year [2] - Declines of 20% happen approximately every 4-6 years [2] - Declines of 30% happen approximately once per decade [2] - Declines of 40% or more happen a few times per century [2]