The Psychology of Money - Deepstash

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WARREN BUFFET

To make money that they didn't need, they risked what they did have and did need. And that's foolish. It is just plain foolish. If you risk something that is important to you for something that is unimportant to you, it just does not make any sense. There is no reason to risk what you have for what you don't have and don't need.

WARREN BUFFET

43

196 reads

MORGAN HOUSEL

The hardest financial skill is getting the goalpost to stop moving.

MORGAN HOUSEL

41

207 reads

MORGAN HOUSEL

Life isn't any fun without a sense of enough. Happiness, as it's said, is just results minus expectations.

MORGAN HOUSEL

40

161 reads

MORGAN HOUSEL

"Enough" is realizing that the opposite- an insatiable appetite for more- will push you to the point of regret.

The only way to know how much food you can eat is to eat until you're sick. 

MORGAN HOUSEL

39

115 reads

MORGAN HOUSEL

Reputation is invaluable.

Freedom and independence are invaluable.

Family and friends are invaluable.

Being loved by those who you want to love you is invaluable.

Happiness is invaluable.

And your best shot at keeping these things is knowing when it's time to stop taking risks that might harm them. Knowing when you have enough.

MORGAN HOUSEL

41

139 reads

IDEAS CURATED BY

jemsyalbi

"Excellence is not an act but a habit"

CURATOR'S NOTE

You know what they say... "There is no calamity greater than lavish desires. No greater guilt than discontentment. And no greater disaster than greed."

Curious about different takes? Check out our The Psychology of Money Summary book page to explore multiple unique summaries written by Deepstash users.

Different Perspectives Curated by Others from The Psychology of Money

Curious about different takes? Check out our book page to explore multiple unique summaries written by Deepstash curators:

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