Psychology of Money | Timeless Lessons 📚 @PsyMoneyBot
Quotes from the Psychology of Money by Morgan Housel (not affiliated) Think Smarter, CLICK 👉 https://t.co/l4yzEbDkSq bit.ly/100_MentalMode… Think Smarter, CLICK 👉 Joined February 2022-
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"Most of what you'll deal with in money management are timeless lessons about behavior and expectations."
"The most important part of every plan is planning on the plan not going according to plan."
"Focus on the things that change slowly, if at all."
"Comparing yourself to others is the root of all evil in investing."
"The only thing worse than losing money is losing it because of errors you could have avoided."
"The ability to endure a terrible situation and come out of it fine is worth more than short-term gains."
"Investing is a uniquely personal exercise."
"Investing is not a game where the person with the highest IQ wins."
"The biggest investing errors come not from factors that are informational or analytical, but from those that are psychological."
"The key to getting rich is living below your means."
"The ability to keep your head when others are losing theirs is the single greatest advantage in investing."
"Personal finance is more personal than it is finance."
"Be prepared for the fact that the future will be different from the present."
"The desire for more is a bottomless pit."
"Investing success can be boiled down to choosing a good process and sticking with it."
"You can do everything right and still have plenty of bad luck."
"Luck and risk are siblings."
"The ability to stick around is more important than getting rich quick."
"Time is the most powerful force in investing."
"Financial success is not about intelligence, it's about behavior."
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