Nothing Is Free - Deepstash
Nothing Is Free

Nothing Is Free

Everything has a price, but not all prices appear on labels.

The price of investing success is not immediately obvious. It’s not a price tag you can see, so when the bill comes due, it doesn’t feel like a fee for getting something good. It feels like a fee for doing something wrong.

Most things are harder in practice than they are in theory. This is often because we are not good at identifying what the price of success is, which prevents us from being able to pay it. The price of successful investing is volatility, fear, doubt, uncertainty, and regret.

5.43K

9.48K reads

CURATED FROM

IDEAS CURATED BY

pipge

Total food specialist. Friendly webaholic. Coffee fan. Proud analyst. Tv expert. Explorer. Travel nerd. Incurable beer advocate.

The Psychology of Money is a collection of short stories exploring the strange ways people think about money and teaches you how to make better sense of it.

The idea is part of this collection:

The Psychology of Money

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

Related collections

Similar ideas to Nothing Is Free

The Most Important Thing Is . . . Value

Th e oldest rule in investing is also the simplest: “Buy low; sell high.”

 obvious— on the surface: it means that you 

should buy something at a low price and sell it at a high price. But what, in turn, does th...

Read self-help that makes sense

A rule of thumb is that wisdom should make sense. It is general and obvious advice. If it is not immediately obvious, it is rarely right.

When you hear something, ask:

  • Is this an obvious universal truth?
  • Does it make sense?
  • ...

Now is a good time to take risk

Now is a good time to take risk

As you get older, your obligations increase. Once you have a family, you start taking risks not just for yourself but for your family as well. Then it gets much harder to do things that might not work out.

Now is the time to take risks. Do something bold. You won't regret it.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates