The Psychology of Money
Author: Morgan Housel
Financial success is not hard science. It's a soft skill, where how you behave is more important than what you know. This soft skill is called Psychology of Money.
"Nothing is as good or as bad as it seems."
To make money they don't have and didn't need, they risked what they have and did need. And that's foolish. It is just plain foolish. If you risk something that is important to you for something that is unimportant to you, it just does not make any sense. - Warren Buffet
A genius is a man who can do the average thing when everyone else around him is losing his mind.
" At every stage of our lives we make decisions that will profoundly influence the lives of the people we're going to become, and then when we become those people, we're not always thrilled with the decisions we made. -Daniel Gilbert
We need to believe we live in a predictable, controllable world, so we turn to authoritative- sounding people who promise to satisfy that need.