10 Takeaways From Morgan Housel's "The Psychology of Money" 🧠

in money •  3 years ago 

  1. For financial success, psychology is more important than smarts.

  2. Ultimate prize = controlling your time.

  3. Wealth is the nice car not purchased.

  4. Volatility is the price you pay for higher returns.

  5. Buffett's skill is investing, but his secret is time.

  6. The best financial heuristic = "can I sleep at night❓".

  7. You only need a few big wins to succeed.

  8. It's crucial to define your investing goals.

  9. Have a cash cushion.

  10. The skills for making money vs. keeping money are very different.

money wealth success psychology
3 years ago by

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