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119,640 voters
Piyush Bhagade
is currently reading
Reading for the 2nd time
read in October 2022
Piyush Bhagade said:
"
A fantastic book from a Nobel laureate. The writing is as simple as can be but the work is extremely nuanced. The book summarises lifetime of experience in economics and decision making. A great thing about the book is although it captions economics
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"
“Less ego, more wealth. Saving money is the gap between your ego and your income, and wealth is what you don’t see. So wealth is created by suppressing what you could buy today in order to have more stuff or more options in the future. No matter how much you earn, you will never build wealth unless you can put a lid on how much fun you can have with your money right now, today.”
― The Psychology of Money
― The Psychology of Money
“The curse of modernity is that we are increasingly populated by a class of people who are better at explaining than understanding, or better at explaining than doing.”
― Skin in the Game: Hidden Asymmetries in Daily Life
― Skin in the Game: Hidden Asymmetries in Daily Life
“A mindset that can be paranoid and optimistic at the same time is hard to maintain, because seeing things as black or white takes less effort than accepting nuance. But you need short-term paranoia to keep you alive long enough to exploit long-term optimism. Jesse Livermore figured this out the hard way.”
― The Psychology of Money
― The Psychology of Money
“progress happens too slowly to notice, but setbacks happen too quickly to ignore.”
― The Psychology of Money
― The Psychology of Money
“You do not want to win an argument. You want to win.”
― Skin in the Game: Hidden Asymmetries in Daily Life
― Skin in the Game: Hidden Asymmetries in Daily Life
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