Monday, October 3, 2022

A few more snippets...................

 .....from Morgan Housel's The Psychology of Money:

History is littered with good ideas taken too far, which are indistinguishable from bad ideas.

What's often overlooked in finance is that something can be technically true but contextually nonsense.

Wealth is just the accumulated leftovers after you have spent what you take in.  And since you can build wealth without a high income, but have not chance of building wealth without a high savings rate, it's clear which one matters most.

If respect and admiration are your goal, be careful how you seek it.  Humility, kindness, and empathy will bring you more respect than horsepower ever will.

Controlling your time is the highest dividend money pays.

Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.

Capitalism is hard.  But part of the reason this happens is because getting money and keeping money are two different skills.

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