When U. S. President John F. Kennedy was asked by a reporter what he remembered from the "Great depression" , he remarked:I have no first hand knowledge of Depression.My Family had one of the great fortunes of the world and it was worth more than ever then. We had bigger houses,more servants, we travelled more. About the only thing that I saw directly was when my father hired some extra gardeners just to give them a job so they could eat.I really did not learn about Depression until I read at HARVARD.So, thats how we all think. We cannot fathom the financial tragedies until we experience them

moneyandinvestments

Money & Investments

Arnav on Oct 10

1&gt;Money earning is nowhere related to traditional education. 2&gt;To understand financial crisis read psychology and history. 3&gt;Reading about technology is a whole different thing, reading about finance is different. 4&gt;Two topics impact everyone irrespective of interest - Health and Finance. 5&gt;According to Voltaire-"History never repeats itself, Man always does.

𝙏𝙖𝙠𝙚𝙖𝙬𝙖𝙮𝙨  𝙛𝙧𝙤𝙢 𝙞𝙣𝙩𝙧𝙤𝙙𝙪𝙘𝙩𝙞𝙤𝙣 𝙥𝙖𝙧𝙩

1&gt;Your personal experiences with money makeup maybe 0.00001% of what's happened in the world, but maybe 80% of how you think the world works. 2&gt;The person who grew up in poverty thinks about risks and rewards in ways, a child of wealthy banker cannot fathom. 3&gt;According to Investor Michael Batnik - " Some lessons have to be experienced before they can be understood".4&gt;According to economists individual investors willingness to bear risk depends upon 'personal history'. 5&gt;King Alyattes of Ladia, nowpart of Turkey is thought to have created the first official currency in 600BC.

𝙏𝙖𝙠𝙚𝙖𝙬𝙖𝙮𝙨 𝙁𝙧𝙤𝙢 𝘾𝙝𝙖𝙥𝙩𝙚𝙧 -01 

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

books

Books

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

Morgan Housel is a partner at The Collaborative Fund. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.