Guard thy treasures from loss
Be cautious with investments, seek advice, and take steps to minimize potential financial risks and losses.
25
348 reads
CURATED FROM
IDEAS CURATED BY
"The Richest Man in Babylon" is a classic book on personal finance written by George S. Clason. It is a collection of parables set in ancient Babylon and imparts timeless financial wisdom. The book dispenses practical advice on managing money and building wealth through a series of stories and lessons.
“
Similar ideas to Guard thy treasures from loss
GUARD THY TREASURES FROM LOSS
”Study carefully, before parting with thy treasure, each assurance that it may be safely reclaimed. Be not misled by thine own romantic desires to make wealth rapidly.”
“Usurious rates of return are deceitful sirens that sing but to lure the unwary upon the rocks of loss and re...
Loss aversion
It's our tendency o focus on losses rather than gains.
That makes people who are more prone to feel regret less likely to take risks.
Conquer Your Loss Aversion
- Be aware that risk is needed to make any gain in investments. Start with low-risk opportunities and work your way up to riskier investments.
- Work on controlling your emotional reaction to situations. Learn to deal with losses calmly, and don't let it affect your decision ...
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