Quote of the day by Charlie Munger: Between 1965 and 2023, Charlie Munger helped guide Berkshire Hathaway to a compounded annual gain of nearly 20 percent, compared to roughly 10 percent for the S&P 500 over the same period. That difference may sound small. In reality, it turned a modest investment into generational wealth. The lesson behind that success was not built on flashy strategies or complex formulas. It was built on simplicity.

Today’s Charlie Munger quote — “One of the greatest ways to avoid trouble is to keep it simple” — carries even more relevance in a world dominated by algorithmic trading, meme stocks, AI-driven portfolios, and high-frequency speculation. Investors often assume complexity equals intelligence….