Simple Wealth

1. The main portfolio for long-term wealth should be as simple, low-cost, and sustainable as possible.

2. The theme is the title of this book, and it's also the fundamental reason why my long-term holding account may not move once a year—simple and sustainable.

3. When you have income, lean toward stock index funds; after retirement or nearing financial independence, you can increase bond index funds to reduce volatility.

4. Because income itself smooths out the volatility curve of your wealth, a bit like when we implement a SP strategy, though not exactly the same.

5. Last night, I continued to hoard some unwanted software stocks. I just like picking up trash, I don't go where the crowd is.

6. In business, you always need to consider how to retain your customers. Homogeneous products and services can only trap you in endless price wars. When will this internal competition ever end?

7. The premise for investing in growth or recovery is that the company has solid basic factors. If the cash flow breaks, then you can just walk away, no need to look further.