I’ve been reading listening to Poor Charlie’s Almanack which is a compilation of talks by Charlie Munger, legendary vice-chairman at Berkshire Hathaway. One thing Charlie talks about is what he calls “sit on your ass investing” which is the opposite of day trading. Rather than being in the market every day (chasing trends, reacting to fluctuations, and trying to time transactions) Charlie advocates spending most of your time “sitting on your ass”. That doesn’t mean you’re doin...
