Charlie Munger once said: “The world isn’t driven by greed. It’s...
Kintsugi Investing@kintsugiinvest
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Mar 23, 2025
~1 min read
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1
Charlie Munger once said:
“The world isn’t driven by greed. It’s driven by envy.”
That one quote explains more about investing mistakes than 100 finance books.
Here’s why envy—not ignorance—is your biggest financial threat:🧵
“The world isn’t driven by greed. It’s driven by envy.”
That one quote explains more about investing mistakes than 100 finance books.
Here’s why envy—not ignorance—is your biggest financial threat:🧵
2
People don’t lose money in markets because they’re dumb.
They lose it because they can’t stand watching others get rich while they’re not.
That’s not a strategy.
That’s envy—weaponized.
They lose it because they can’t stand watching others get rich while they’re not.
That’s not a strategy.
That’s envy—weaponized.
3
Envy doesn’t whisper.
It shouts:
— “Buy that coin, it’s up 400%!”
— “Don’t miss AI, it’s the future!”
— “Everyone’s in this stock—you should be too!”
What feels like conviction is often just peer pressure with a price tag.
It shouts:
— “Buy that coin, it’s up 400%!”
— “Don’t miss AI, it’s the future!”
— “Everyone’s in this stock—you should be too!”
What feels like conviction is often just peer pressure with a price tag.
4
This is how envy tricks you:
• You enter late.
• You pay high.
• You panic low.
• You blame the market.
But the real culprit?
Your own mirror.
• You enter late.
• You pay high.
• You panic low.
• You blame the market.
But the real culprit?
Your own mirror.
5
Munger and Buffett didn’t build fortunes by being first.
• They built by being rational when others weren’t.
• They bought boring.
• They bought beaten down.
• They bought what no one bragged about at cocktail parties.
• They built by being rational when others weren’t.
• They bought boring.
• They bought beaten down.
• They bought what no one bragged about at cocktail parties.
6
The envy-driven investor is always hungry.
Because someone else always made more.
Even a 25% gain feels small...
When your buddy’s meme coin or meme stock 10x’ed overnight.
Because someone else always made more.
Even a 25% gain feels small...
When your buddy’s meme coin or meme stock 10x’ed overnight.
7
Munger had a name for the antidote:
✓ Internal scorekeeping.
╳ Not comparing.
╳ Not copying.
╳ Not chasing.
✓ Internal scorekeeping.
╳ Not comparing.
╳ Not copying.
╳ Not chasing.
8
The best investors?
They move in silence.
Build in boredom.
And care more about actual wealth than perceived success.
They move in silence.
Build in boredom.
And care more about actual wealth than perceived success.