Once in a while I come across an investment book that I find both instructional as well as inspirational in particular when its focus is on “income first, capital gains” later. Very much our mantra at Dividend Income Investor.com
As Warren Buffett’s partner at Berkshire Hathaway, I have always wondered whether Charlie Munger’s investment style is completely aligned with those of Warren Buffett.
Munger’s lesson: “income first, capital gains later” is something which we at Dividend Income Investor.com’s very much endorse based on our own focus of investing only in high quality dividend paying companies when they are historically undervalued in order to secure passive income streams and re-invest those in similar undervalued companies.
If you are looking for a good read that is both instructive on how to make money from dividend income investing as well as incredibly inspirational, I highly recommend that you consider buying Janet Lowe’s Damn Right!: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger.