Carpe Diem

Tag: Wealth Building

A split image showing a modern hedge fund office on one side and a simple upward-trending stock market index chart on the other, symbolizing complexity versus long-term compounding.

Hedge Funds Too Can Disappoint.

Hedge funds had a banner year in 2025. The S&P 500 still beat them. Over 16 years, the index has more than doubled the average hedge fund return. Complexity doesn’t guarantee outperformance.

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Symbolic image of a whiskey glass, diamond ring, and financial documents labeled margin loan on a dark table, representing Charlie Munger’s warning about liquor, ladies, and leverage.

Warren Buffett, quoting partner Charlie Munger, says there are three ways to go broke

“Liquor, ladies, and leverage.” Charlie Munger’s famous warning wasn’t a joke—it was a blueprint for avoiding financial ruin.

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