The Capital LettersUpdated weekly · 12 min avg read

Lessons from The Capital Letters.

Buffett, Munger, Dimon, Bezos, and Dalio lessons, read through one lens: what does this mean for ordinary money decisions? Savings, debt, risk, incentives, fees, and the habits that let good choices compound.

The Capital Letters

Buffett, Munger, Dimon, Bezos, and Dalio lessons in one library.

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Illustrated portrait of Warren Buffett
Illustrated portrait of Charlie Munger
Illustrated portrait of Jamie Dimon
Illustrated portrait of Jeff Bezos
Illustrated portrait of Ray Dalio
242
Lessons
22
Topics
12min
Avg read

Educational commentary only. The featured people and their respective companies are not affiliated with or endorsing SwitchWize.

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10 essential lessons

The cornerstones. Read these first — the other lessons sharpen these ideas in specific situations.

★ Lead essayMoney Behavior6 min read

Why Chasing the Top Promotional Rate Repeats a Classic Investing Mistake

John Bogle's warning against performance-chasing, translated into a household test for why hopping banks every time a new promotional rate appears usually costs more than it earns.

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02

The Cost That Matters More Than the Advertised Rate

John Bogle's published emphasis on cost, translated into a household test for why the total cost of a banking product usually matters more than its headline rate.

03

A Diversification Habit for Where You Keep Your Cash

John Bogle's published emphasis on diversification, translated into a household test for spreading cash across insured institutions and account types instead of concentrating it in one place.

04

The Expense-Ratio Lens, Applied to Your Bank Fees

John Bogle's expense-ratio framework for evaluating funds, translated into a household test for comparing bank account fees as a percentage of balance rather than a flat dollar figure.

05

A Once-a-Year Cost Audit, the Bogle Way

John Bogle's cost-focused discipline, translated into an annual household audit routine for business and household accounts that catches drift in fees and rates before it compounds unnoticed.

06

Why Reacting to Financial Headlines Usually Costs More Than Ignoring Them

John Bogle's published warning against reacting to short-term market noise, translated into a household test for why moving cash every time a scary financial headline runs usually costs more than staying put.

07

Simplicity Beats a Complicated Product With a Better Headline

John Bogle's published preference for simplicity, translated into a household test for why a plain financial product often beats a complex one with a flashier headline number.

08

The Tyranny of Compounding Costs on a Household Budget

John Bogle's published warning about compounding costs, translated into a household test for how small recurring fees grow into a large number over years.

09

Whose Interests Your Bank's Ownership Structure Actually Serves

John Bogle's mutual-ownership structure at Vanguard, translated into a household test for whether your bank's ownership structure aligns with your interests or a shareholder's.

10

Why the Boring Account Usually Wins

John Bogle's preference for plain, unglamorous, low-cost products over exciting ones, translated into a household test for why the boring high-yield savings account usually beats the flashier alternative.

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22 topics · 242 lessons

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Lessons are leverage. Find your biggest household leak in 90 seconds.

Money Map runs your savings, debt, and rate gaps through the same questions these lessons keep asking — and gives you the dollar answer for your house.