ram swami's Key Ideas from The Psychology of Money
by Morgan Housel

Chapter 5: Getting Wealthy vs. Staying Wealthy: Talks about the difference between building wealth and maintaining it, emphasizing the importance of sustainability and risk management.

Chapter 6: Tails, You Win: Discusses the impact of extreme events (tail events) on financial markets and how they can shape investment strategies.

Chapter 7: Freedom: Explores the idea of financial freedom and how it's more about having control over one's time than accumulating vast wealth.

Chapter 8: Man in the Car Paradox: Discusses the paradox of people appearing rich but actually being financially insecure due to their spending habits.

Chapter 9: Wealth is What You Don't See: Highlights the hidden costs of materialism and the value of understanding the opportunity cost of spending.

Chapter 10: Save Money: Discusses the importance of saving money and how small, consistent habits can lead to significant financial security.

Chapter 11: Reasonable Investing: Explores the principles of sensible investing and the pitfalls of trying to beat the market through active trading.

Chapter 12: Room for Error: Talks about the importance of leaving room for error in financial planning and the value of flexibility in navigating uncertainties.

Chapter 13: You'll Change: Discusses the evolution of financial goals and priorities over time, emphasizing the need to adapt and learn from experiences.