Guard thy treasures from loss
Be cautious with investments, seek advice, and take steps to minimize potential financial risks and losses.
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"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.
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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 ...
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