Charlie Munger

Establishing rent price controls in high-demand areas is not an effective solution. It creates market distortions and often leads to reduced housing availability and maintenance. The focus should be on increasing the housing supply and implementing market-driven solutions that encourage investment and development.

In my view, for most investors, index funds will frequently outperform managed portfolios after taking into account fees and trading costs. The simple approach of following the market as a whole tends to trump more active strategies that rack up various expenses.