Learn more about moneyandinvestments with this collection
How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
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People like to feel like they’re in control—in the drivers’ seat. When we try to get them to do something, they feel disempowered. Rather than feeling like they made the choice, they feel like we made it for them. So they say no or do something else, even when they might have originally been happ...
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Beating the market should be hard; the odds of success should be low. If they weren’t, everyone would do it, and if everyone did it there would be no opportunity. So no one should be surprised that the majority of those trying to beat the market fail to do so. (The statistics show 85% of large-ca...
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Studying a specific person can be dangerous because we tend to study extreme examples—the billionaires, the CEOs, or the massive failures that dominate the news—and extreme examples are often the least applicable to other situations, given their complexity. The more extreme the outcome, the less ...
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Welcome, I post what i read Everything I post is in the book, I'll quote it if it's my own opinion
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8. Save. Just save. You don't need a specific reason to save.
9. Define the cost of success and be ready to pay it.
10. Worship room for error.
11. Avoid the extreme ends of financial decisions.
12. You should ...
Avoid taking financial cues from people playing a different game than you are.
Few things matter more with money than understanding your own time horizon and not being persuaded by the actions & behaviors of people playing different games than you are. Go out of your way to...
Investors on the same field often play different games. Even investors who think they're playing the same say have widely different goals and risk tolerances.
Most investing debates reflect investors playing different games and missing each other in conversation. I...
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