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The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave. And behavior is hard to teach, even to really smart people.
“Wealth is the nice cars not purchased. The diamonds not bought. The watches not worn, the clothes forgone and the first-class upgrade declined. Wealth is financial assets that haven’t yet been converted into the stuff you see.”
― The Psychology of Money
― The Psychology of Money
“Manage your money in a way that helps you sleep at night.”
― The Psychology of Money
― The Psychology of Money
“The historical odds of making money in U.S. markets are 50/50 over one-day periods, 68% in one-year periods, 88% in 10-year periods, and (so far) 100% in 20-year periods.”
― The Psychology of Money
― The Psychology of Money
“As Graham puts it, “while enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.”
― The Intelligent Investor
― The Intelligent Investor
“When things are going extremely well, realize it’s not as good as you think. You are not invincible, and if you acknowledge that luck brought you success then you have to believe in luck’s cousin, risk, which can turn your story around just as quickly.”
― The Psychology of Money
― The Psychology of Money
Justin’s 2025 Year in Books
Take a look at Justin’s Year in Books, including some fun facts about their reading.
3 books
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45 friends
0 books
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13 friends
13 books
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5 friends
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