Charlie Munger

Charlie Munger is an American investor, businessman and philanthropist. He is known more as Warren Buffett’s sidekick but he is as incredible as Warren, and I think he deserves as much spotlight as Warren.

He is the best man to study if you are trying to overcome envy. This site has the best quotes by Charlie: https://25iq.com/quotations/charlie-munger/ . The site is run by Tren Griffin who also wrote books about him too. Charlie is a complete book worm and any books he recommend, after you read it, you’ll be smarter, I guarantee! Here is a list of all the books he recommends on Goodreads.

Comics & Cartoons

Why Interest Rates are Lowered

Usually it’s lowered to boost the economy so people are encouraged to borrow money (interest rate is low) and use it.

Who is happy when interest rate gets lowered?

  • debt holders (but credit card interest doesn’t get lowered usually…)
  • bond holders (because bond price has an inverse relationship with interest rate)
  • People getting or renewing a mortgage (because mortgage rates follow the benchmark rate)
  • People getting a loan

This cartoon is on sale at My Store.