Learn more about moneyandinvestments with this collection
The history of fashion
The impact of fashion on society
The future of the fashion industry
"Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.
35
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"Spending money to show people how much money you have is the fastest way to have less money."
33
477 reads
"Independence, to me, doesn't mean you'll stop working. It means you only do the work you like with people you like at the times you want for as long as you want."
31
285 reads
"Be nicer and less flashy. No one is impressed with your possessions as much as you are. You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration."
31
287 reads
"I love Voltaire's observation that "History never repeats itself; man always does."
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363 reads
"Money's greatest intrinsic value-and this can't be overstated-is its ability to give you control over your time."
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304 reads
CURATED FROM
Key Lesson from "Psychology of money" written by Morgan Housel
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The most important part of every plan is planning on your plan, not going according to plan.
Have room for error when estimating your future returns. For his own investments, Housel assumes the future returns he’ll earn in his lifetime will be ⅓ lower than the historic aver...
The most important thing in accomplishing something is to start. Failing is part of it, but in starting, just like the snowball going down a mountain, you get bigger due to the experiences you gain.
So, stop planning. Just do it.
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