The Luckiest
How much money would these three investors end up with over time? Sue ends up with $435,551. Jim has $257,386. Tom $234,476. Sue wins by a mile. There were 1,428 months between 1900 and 2019. Just over 300 of them were during a recession. So by keeping her cool during just the 22% of the time the economy was in or near a recession, Sue ends up with
... See moreMorgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Let me suggest that you love your investments. This is not traditional advice. It’s almost a badge of honor for investors to claim they’re emotionless about their investments, because it seems rational. But if lacking emotions about your strategy or the stocks you own increases the odds you’ll walk away from them when they become difficult, what
... See moreMorgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
These dinners added onto my existing debt given that I was spending between $600-$800 each time, but deep down inside I knew that the bank could take my car, they could take whatever measly assets I had left, but they couldn’t take my relationships. Investing in my relationships was the safest investment I could make, and I believe the same is true
... See moreJayson Gaignard • Mastermind Dinners: Build Lifelong Relationships by Connecting Experts, Influencers, and Linchpins
