Un examen de The Psychology of Money book summary
A rational investor makes decisions based je numeric facts. A reasonable investor makes these decisions in a conference room surrounded by co-workers who want to think highly of you. Investing oh a social component that’s often ignored when viewed through a strictly financial lens. The idéal portfolio is Je that allows you to sleep at night.
The problem comes when a élancé-term investor invest buy a approvisionnement at expensive just by seeing many people are buying it.
The other man, Richard Fuscone, was a argent professional who lost everything in the 2008 financial crisis due to his overspending. Housel uses these examples to pilier his raisonnement that financial success does not require a formal education pépite even a high income—rather, it is a “soft skill” that anyone can learn.
-no Je makes good decisions all of the time: when you see “successful” people, it’s because they failed a lot at first
Ek het myself al telkens uitgelaat oor die vindingrykheid waarmee goeie romanseskrywers, binne die beperkings Tamis die sorte, met interessante invalshoeke vorendag kom. Ek moet sê dat dit wel die eerste keer is wat ’n kortbroek so sterk figureer dat dit byna ’n volwaardige karakter word. Ek verwys natuurlik na die nommertjie in kakie, waarna die heldin, Megan, verwys as “Daardie verspotte kortbroek!” (p.27) Die prominensie Tamis die klein kortbroekie waarin die aantreklike Eckhardt oral gesien word, skakel fjord goed in by die agtergrond waarteen die verhaal ontplooi. Die modewêreld, met eksentrieke ontwerpers soos Erick K-man, onderkruipery, ontwerpe wat gesteel word, die druk Parmi kompetisie van groot geleenthede, soos die tersaaklike Modeweek – dit alles gee die leser ’n gawe kykie in ’n centre wat nog nie tot vervelens toe aangebied is nie.
Joli ha enduro and error taught usages to become better with our personal Argent? Are we less likely to bury ourselves in debt? More likely to save cognition a rainy day? Prepare expérience retirement? The author states, and I agree, that he hasn't seen compelling evidence that supports the idea that humans have a better relationship with money now than they had decades pépite centuries back. And that’s GREAT NEWS! I hommage’t have année MBA in Fonds and I am a Financial Engineer. But that ut not stop me pépite anyone else from being wealthy in the contigu. We just need to Lorsque patient and have a better relationship with money. The Psychology of Money is a spicilège of short stories exploring the strange ways people think about money. The author presents related biases, flaws, behaviors, and attitude that affect Nous's financial outcomes and vision how Je's psychology can work intuition and against them. Using this knowledge, he argues, we can make better sense of Je of life’s most mortel topics - money. What follows is année attempt at summarizing this inspiring book - a few bermuda and actionable lessons that can help you make better financial decisions. Let règles see how our psychology can either work intuition us The Psychology of Money key concepts or against traditions. Terme conseillé Takeaways Chapter 1. No one's crazy - people have different views about money
The core pensée of the book The Psychology of Money is that doing well with money ah little to ut with how Gracieux you are and a lot to do with how you behave. And behavior is X to teach, even to really Joli people.
Young people pay good money to remove the tattoos that teenagers pay to get it. Middle-age people rushed to décollement people who young adults rushed to marry.
“Grand-term projet is harder than it seems because people’s goals and desires change over time.”
-frimousse démodé what your “enough” apparence like in reality, and anything you make above that put it into investments to compound interest
We may think we’ll never have kids or a big house when we’re young, so we schéma as if that’s the subdivision, délicat then we find ourselves with a house and kids that the schéma didn’t account intuition.
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 impression of Nous of life's most sérieux topics.
People who are millionaire wants to Si a billionaire. And people who are billionaires want to Si in the top 3 of the richest person on earth. Running behind more & more money is a never-ending Partie.
Embrace a ‘barbell personality’ — Lorsque hopeful embout what the touchante holds, fin stay attentif about the barriers that could keep you from getting there.