By Matt Bell on July 23, 2024 in Psychology of Money, Money & Marriage, Teaching Kids “Few people attain great lives, in large part because it’s just so easy to settle for a good life.”– Jim Collins, “Good to Great” On the first page in the first chapter of his book, “...
1. The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave. And behavior is hard to teach, even to really smart people. 2. One, financial outcomes are driven by luck, independent of intelligence and effo...
On today’s episode, Clay Finck provides his biggest takeaways from reading The Psychology of Money by Morgan Housel, the story of how Jesse Livermore built a fortune trading stocks, only to eventually lose it all, why it’s better to study broad trends and patterns rather than specific ...
The key concept of this book is – save, invest, and let it compound. It’s quite suitable for Americans that saves little, but not for Chinese that saves too much. Save gives you the power to control your life, even when unexpected events happen. Note that tails play an important role...
The book is based on a blog post written by Morgan titled“The Psychology of Money”in June 2018. In the introduction section of the blog Morgan explains his attempt, This report describes 20 flaws, biases, and causes of bad behavior I’ve seen pop up often when people deal with money....
Reviews the book "The Psychology of Money: An Investment Manager's Guide to Beating the Market," by Jim Ware.MoyAssociateRonaldAssociateL.AssociateFinancial Analysts Journal
11.1K views View Details Rich Dad Poor Dad Rich Dad Poor Dad 185.2K views View Details Michael George Knight This book summary has been contributed by Michael George Knight, who is the founder of Bestbookbits.com Bestbookbits is the world's largest free book summary website in video, writt...
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Investing, personal finance, and business decisions are typically taught as a math-based field, where data and spreadsheets dictate your family business’ next move. But as Morgan Housel teaches us in his bookThe Psychology of Money, there is theory, and then there is reality. As my colleague...
book, The Sense of Wellbeing in America, starts by pointing out that people are generally happier than many psychologists assumed. But some were clearly doing better than others. And you couldn’t necessarily group them by income, or geography, or education, because so many in each of those...