“Richer, Wiser, Happier”. My summary of the book compiling the wisdom from the best investors of all time in seven simple concepts

The latest book by William Green “Richer, Wiser Happier”. How the World’s greatest investors win in markets and life” has the potential to become a classic. It’s full of wisdom from interviews and time spent with the most brilliant minds in the world of investing.

It’s one of those that you have to re-read from time to time, because I’m sure you’ll keep finding new jewels that resonate in you, or with your personal situation or investing strategy.

I’m summarising for myself the main takeaways from the book. If it’s good for you, I’ll be more than happy.

1. Investing is about doing nothing

Not meaning to lay on the beach sunbathing and drinking piña coladas, but on not being active on buying and selling. Investing is a long term life and you only need to act (sell or buy) a very few times a year or even decade, as some of the greatest investors of all time did:

“There are no prizes for frenetic activity. Rather, investing is mostly a matter of waiting for these rare moments when the odds of making money vastly outweigh the odds of losing it”