"Controlling your time is the highest dividend money pays."
Book 44: 'The Psychology of Money' by Morgan Housel. This book was recommended by several people. A lot of these things you will already know but they are worth reminding ourselves.
Here are my takeaways:
⚖️ There is no reason to risk what you have and need for what you don’t have and don’t need.
🔐 Saving money is the gap between your ego and your income.
🏦 Wealth is what you don’t see. It’s income not spent.
♻️ Things that have never happened before happen all the time.
🧮 The purpose of the margin of safety is to render the forecast unnecessary.
🗳 Define the cost of success and be ready to pay it.
Finally, If you want to do better as an investor the single most powerful thing you can do is increase your time horizon.
What book did you read this week?
Book 44: 'The Psychology of Money' by Morgan Housel. This book was recommended by several people. A lot of these things you will already know but they are worth reminding ourselves.
Here are my takeaways:
⚖️ There is no reason to risk what you have and need for what you don’t have and don’t need.
🔐 Saving money is the gap between your ego and your income.
🏦 Wealth is what you don’t see. It’s income not spent.
♻️ Things that have never happened before happen all the time.
🧮 The purpose of the margin of safety is to render the forecast unnecessary.
🗳 Define the cost of success and be ready to pay it.
Finally, If you want to do better as an investor the single most powerful thing you can do is increase your time horizon.
What book did you read this week?
