Janey Yht's Key Ideas from The Psychology of Money
by Morgan Housel

There is no reason to risk what you have and need for what you don't have and don't need.

1. The hardest financial skill is getting the goalpost to stop moving
2. Social comparison is the problem here
3. "Enough" is not too little
4. There are many things never worth risking, no matter the potential gain

$81.5 billion of Warren Buffett's $84.5 billion net worth came after his 65th birthday. Our minds are not built to handle such absurdities

Good investing is not necessarily about making good decisions. It's about consistently not screwing up

You can be wrong half the time and still make a fortune

Controlling your time is the highest dividend money pays

No one is impressed with your possessions as much as you are

Spending money to show people how much money you have is the fastest way to have less money

The only factor you can control generates one of the only things that matters.

Aiming to be mostly reasonable works better than trying to be coldly rational

History is the study of change, ironically used as a map of the future

The most important part of every plan is planning on your plan not going according to

Long-term planning is harder than it seems because people's goals and desire change over time

Everything has a price, but not all prices appear

Beware taking financial cues from people playing a different game than you

Optimism sounds like a sales pitch. Pessimism sounds like someone trying to help you

Appealing fictions, and why stories are more powerful than statistics