"Money's greatest intrinsic value-and this can't be overstated-is its ability to give you control over your time."
32
340 reads
CURATED FROM
IDEAS CURATED BY
Key Lesson from "Psychology of money" written by Morgan Housel
“
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
The history of fashion
The impact of fashion on society
The future of the fashion industry
Related collections
Similar ideas
To value investors, an asset isn’t an ephemeral concept you invest in because you think it’s attractive. It’s a tangible object that should have an intrinsic value
capable of being ascertained, and if it can be bought below its
‘Margin of safety’ is the difference between a stock price and its intrinsic worth, or value.
So if a stock is trading at $70 in the market, and you calculate the company’s intrinsic value as $100, you have a margin of safety of $30 (100 minus 70). In other terms, the sto...
You can't do it all. Only stick to those commitments in your life that really give you joy and value.
For the rest, you need to learn to say no, and value your time.
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.
I agree to receive email updates