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...
Book Summaries: Rich Dad Poor Dad | Psychology of Money | The Intelligent Investor | The Richest Man in Babylon | Think and Trade Like a Champion | Value Investing and Behavioural Finance | Trading in the Zone | Learn to Earn Tools: CAGR Calculator | SIP Calculator | EMI Calculator | eLea...
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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...
In his world-best-selling book, titled“The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness”published by Harriman House, Mogan Housel has provided some interesting insights into this arena. In this, he primarily argues that doing well with money has little to do with tec...
Morgan Housel in book Psychology of Money calls these tail events.Which is true for events that move the economy or people that changed world history or innovations 15 billion people were born in the 19th-20th centuries.But try to imagine how different global economy & the whole world would ...
Reviews the book "The Psychology of Money: An Investment Manager's Guide to Beating the Market," by Jim Ware.MoyAssociateRonaldAssociateL.AssociateFinancial Analysts Journal
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 ...
As James Clear (author of Atomic Habits) says in the book –“Everyone should own a copy” of this book. The Psychology of Money – Book Summary Whenever I read a book, I always prepare a one page summary. The book psychology of money is a mix of factual analysis and practical guidanc...
The book presents a collection of simple and neat ideas around how to think about managing your money. Notice my emphasis on “how to think about managing” rather than “how to manage.” I guess the title itself makes it abundantly clear that rather than discussing “proven” formulae for...