Rational vs reasonable - Deepstash
Deep Dive Into The Fashion Industry

Learn more about moneyandinvestments with this collection

The history of fashion

The impact of fashion on society

The future of the fashion industry

Deep Dive Into The Fashion Industry

Discover 34 similar ideas in

It takes just

5 mins to read

Rational vs reasonable

There are many things in finance that look smart and sound smart, and the numbers add up, but it's completely opposed to how the real world works.

Then there are many things that investors do that are not rational but is perfectly reasonable and align with how people's heads work. 

For example, people own stocks that are closest to where they live. People who live in America only own US stocks, and those in Germany only own German stocks. It's not rational, but it's very reasonable. It's easier to invest your life savings in companies you're most familiar with.

93

867 reads

MORE IDEAS ON THIS

Instil the value of money and the ability to control how it affects your life

Most people want independence and autonomy. Having the money that you don’t have to spend becomes the most valuable thing in the world when it lets you gain control of your time.

But freedom and autonomy carry a lot of responsibility with them. 

94

1.09K reads

 The size is the strategy

Cope’s rule states that organisms get bigger over time. But there are huge downsides to being big. There’s always a sweet spot in evolution.

When something becomes too big to manage, it can cause you to fail.

87

1.24K reads

MORGAN HOUSEL

“Financial Advice for My New Son”

“You might think you want an expensive car, a fancy watch, and a huge house. But I’m telling you, you don’t. What you want is respect and admiration from other people, and you thi...

MORGAN HOUSEL

130

1.08K reads

Morgan Housel interview

Morgan Housel interview

Morgan Housel is a partner at the Collaborative Fund and serves on the board of directors at Markel Corporation. He is also a former columnist at The Motley Fool and The Wall Street Journal and author of the award-winning book The Psychology of Money.

Tim Ferris a...

91

1.5K reads

How to become a great investor

How to become a great investor

The way to become a great investor is to maximize the amount of dollars you accumulate over the course of your life. Most of the time, it is not earning the highest returns.

For example:

  • Warren Buffett is the wealthiest investor of all time

96

1.23K reads

MORGAN HOUSEL

Money isn’t a means to wealth, it’s a means to autonomy and independence.

MORGAN HOUSEL

112

2.04K reads

Ensure your children grow up to be financially smart

Buffett has a great quote on wealth where he says he wants to leave his kids enough money that they can do anything, but not so much money that they could do nothing.

Give children a safety net, but not fuel. Parents shouldn't give their children money just to make their life better. Childr...

107

886 reads

How to approach risk

How to approach risk

Risk is just the odds that something will prevent you from achieving your goals. Everyone has very different goals and aspirations and time horizons, so everyone thinks about risk differently.

If your goals lie 50 years in the future, you probably wouldn't ...

91

910 reads

Related collections

More like this

Enjoyment bias

The enjoyment bias states that an inefficient investing strategy that you enjoy will beat an efficient one that feels like work.

The key to a lot of things in finance is maintaining endurance when there is a downturn. Loving the companies you buy or your strategies is a bias because...

MASSIMO PIGLIUCCI

"The dichotomy of control is a simple but powerful idea that can help us to live more resilient and less stressed lives. It is based on the recognition that there are two types of things in the world: those that we can control and those that we cannot.

MASSIMO PIGLIUCCI

Less Obvious Career Outcomes for Sales Professionals

Many people who are promoted out of an SDR or BDR role often choose to continue their career in the traditional sales positions which is perfectly logical but it's also important to keep in mind that that isn't the only way to go.

Today, we ...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

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