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“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
“Spending money to show people how much money you have is the fastest way to have less money.”
― The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness
― The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness
“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
“Napoleon’s definition of a military genius was, “The man who can do the average thing when all those around him are going crazy.”
― The Psychology of Money
― The Psychology of Money
“Therefore, focus less on specific individuals and case studies and more on broad patterns.”
― The Psychology of Money
― The Psychology of Money
Codreanu’s 2025 Year in Books
Take a look at Codreanu’s Year in Books, including some fun facts about their reading.
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