Getting Wealthy vs. Staying Wealthy
Good investing is not necessarily about making good decisions. It's about consistently not screwing up.
Getting money requires taking risks, being optimistic, and putting yourself out there. But keeping money requires the opposite of taking risk. It requires humility, and fear that what you've made can be taken away from you just as fast.
If I had to summarize money success in a single world it would be "survival".
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These are just a few of the insights I acquired from reading the book. It will help you understand why people behave the way they do.
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Similar ideas to Getting Wealthy vs. Staying Wealthy
Getting Wealthy vs. Staying Wealthy
Good investing is not about making good decisions. It’s about consistently not screwing up. There are a million ways to get wealthy. The only way to stay wealthy is some combination of frugality and paranoia.
- Money success in a single word: survival. The ability to sti...
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