🧵 25 Things I wish I knew about investing 20 years ago.
Lesson 1: Invest for the long term.
In the short run, stock returns can be very volatile, but in the long run, they outperform bonds.
“Luck plays a meaningful role in everyone’s lives. You get born to decent parents in a good part of the world, and you’re way ahead of the game. And that doesn’t have much to do with skill or hard work." - Jim Simons.