Weekend Reading: Timeless Wisdom from Legendary Investors

This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
Weekend reading wisdom from legendary investors Weekend reading wisdom from legendary investors
Weekend Reading

Your investment success isn't reliant on secret formulas or insider knowledge. Instead, sometimes simple principles from legendary investors of the past provide the most evergreen advice. These lessons go beyond making money and emphasize long-term growth, risk management and continuous learning.


Of the eight featured here, five include:

📌 You don’t need to be a genius to succeed in the market: Warren Buffett emphasizes that successful investing doesn't require extraordinary intelligence, but traits like discipline, self awareness and being consistent.

📌 The market is a weighing machine: Ben Graham advises looking past short-term market fluctuations and focusing on a stock's underlying value, determined by concrete factors like earnings and assets.

📌 Don't let fear paralyze you: Cathie Wood believes that strong bull markets often emerge from periods of fear and uncertainty, presenting investment opportunities.

📌 FOMO can destroy your wealth: Dawn Fitzpatrick warns against the fear of missing out (FOMO), as it can lead to ill-informed investment decisions. Patience and prudence are key.

📌 Always know what you don’t know: Charlie Munger emphasizes the importance of humility and continuous learning. Recognize what you don't know and seek guidance in unfamiliar areas.

Elevating your overall financial wellbeing for the long-term isn’t that complicated. It often boils down to being proactive, persistent and keeping your biases in check.