Description
| Field | Value |
|---|---|
| Book Title | The Psychology of Money |
| Description | Timeless lessons on wealth, greed, and happiness. |
| Author | Morgan Housel |
| Published | 2016 |
Notes
- The genius who lose his control leads to financial disaster.
- Ordinary folks with handful amount of behavioral knowledge can be weaths as well with nothing to do with formal inteligence.
- Why people burried in debt you don’t need to learn interest rate you need to study the history of greed, insecurities and optimism.
- History never repeats itself man does.
- Luck, Risk and Success.
- Adjustment for inflation.
- The power of compounding is irradical.
- You just have to know that you will become wealthy so don’t panic or hurry stay focused and consistent.
- Shoud have margin of safty, measy you should have a plan of not going by plan.
- Tail drive everything in the business.
- Napoleon was great because he does average when everyone around him was going crazy.
(Reading . . .)