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KCLau’s Money Tips

KCLau’s Money Tips

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The greatest illusion in personal finance is that earning more will automatically fix your money problems. Without the plumbing of budgeting and investing, pouring more water into a leaky bucket only accelerates waste. — KC Lau, Money Concepts
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"The key to defensive investing is not finding the highest theoretical growth, but finding businesses whose cash flow stream is most certain and least vulnerable to disruption." — Howard Marks
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Few investments divide opinion quite like cryptocurrency. For some investors, crypto represents an exciting opportunity. For
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“We are what we repeatedly do. Financial excellence, then, is not a single act, but a sustained habit.” — Will Durant
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Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. - Steve Jobs
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“Invert, always invert: Turn a situation or problem upside down. What causes financial ruin? Identify those behaviors and avoid them relentlessly.” — Charlie Munger
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“The first rule of compounding is to never interrupt it unnecessarily. The second rule is to systematically eliminate ego, envy, and toxic debt.” — Charlie Munger
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“Most things will prove to be cyclical. The greatest opportunities for gain and loss arise when the crowd forgets this timeless reality.” — Howard Marks
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“Behind every stock is an operating business. Find out what it's doing, how it generates cash flow, and whether it possesses an enduring economic moat.” — Peter Lynch
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“Wealth consists not in having great possessions, but in having few wants. A mind liberated from endless comparison is already rich.” — Epictetus
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We spend time chasing money, then spend money chasing time. Most of what you want when you finally have money is cheap: a slow morning, a walk with no destination, a day without meetings. Real wealth is time.
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“Never sacrifice your sleep or your values for an investment. If an asset class keeps you awake at night with anxiety, the expected return is never worth the psychological tax.” — KC Lau, Money Concepts
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“Never enter an investment whose worst-case outcome you cannot comfortably survive. Compounding is a game of continuous survival; one fatal loss resets decades of diligence to zero.” — KC Lau, Money Concepts
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