I Don't Know What I Don't Know

Investing is an entirely different world.

If you're an employee or working professional, nothing from school or higher education prepares you for the world of investing in the stock market.

Are you seriously ready to critically analyse a prosectus, circular or annual report?

What are all the stock exchange filings that you need to know about?

Even if you have come across them at work, relying on such information to grow your money is something else entirely.

For this reason, you may not wish to get into investing, as it is akin to building castles in the air.

Where Do You Start?

The late, great, Charlie Munger had a singular solution to this concern.

It is found in a chapter in his book, Poor Charlie's Almanack.

In the chapter on inversion, Charlie Munger gives an exposition on everything that a person should not think, consider or do.

Don't presume.

Don't get involved in things that you don't know about.

Don't get ahead of yourself.

In a classic show-not-tell speech, Charlie Munger demonstrates how inverting highlights to the reader's and writer's mind, everything that a person should be considering in investing.

Everything a person should come to believe they don't know.

Indeed one of the most dangerous problems is not knowing what you don't know (in investing) - Charlie Munger shows how one inverts and addresses this problem.

Poor Charlie's Almanack is available on:

• Amazon USA Kindle

• Amazon USA Audible

• Kinokuniya Malaysia, in hardcopy

Don't Believe Me?

Leave a question, comment or like in the discussion space below.

I'm no founder of this idea, but I could show you too!