Sunday, January 24, 2021

On the importance of self-knowledge............

 Extreme adherence to an investment strategy is dangerous in a world that changes all the time, so an important question to ask when things aren’t working whether you’re being patient or stubborn.

Embrace and accept your flaws and build a financial plan around them, rather than assuming you can alter your susceptibility to dopamine and cortisol by reading a blog post.

There are few universally right answers. Just lots of shades of gray that work for people’s unique personalities and situations. A lot of finance arguments happen when people get upset after realizing that not everyone has, or wants, the same life as you.

-Morgan Housel, three excerpts from this read-worthy post

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