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The Psychology of Money by Morgan Housel
Morgan’s famous testimony to Congress that character came before money or property.
Frank Partnoy • The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals
But everything I’ve learned about personal finance tells me that everyone—without exception—will eventually face a huge expense they did not expect—and they don’t plan for these expenses specifically because they did not expect them.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Ronald Read was patient; Richard Fuscone was greedy. That’s all it took to eclipse the massive education and experience gap between the two.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
The Psychology of Money has sold over 3 million copies.
But a third of the way through writing the book, author Morgan Housel threw out everything he had written.
“I just didn’t like where it was going,” he said.
So Housel started over and took an entirely... See more
Strategies are unique to the investor and the time period, it’s not always advisable to emulate others. You can’t mimic luck or market conditions, study their life philosophies that translate into their investing strategies.
Tim Ferriss • Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor (#576)
“If you don’t know who you are, Wall Street is an expensive place to find out.” — Adam Smith, The Money Game