Neil Patil

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Jun 11, 2024 05:06AM

 
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Morgan Housel
“Richard Feynman, the great physicist, once said, “Imagine how much harder physics would be if electrons had feelings.” Well, investors have feelings”
Morgan Housel, The Psychology of Money

Morgan Housel
“Using your money to buy time and options has a lifestyle benefit few luxury goods can compete with.”
Morgan Housel, The Psychology of Money

Morgan Housel
“Independence, to me, doesn’t mean you’ll stop working. It means you only do the work you like with people you like at the times you want for as long as you want.”
Morgan Housel, The Psychology of Money

Morgan Housel
“Someone driving a $100,000 car might be wealthy. But the only data point you have about their wealth is that they have $100,000 less than they did before they bought the car (or $100,000 more in debt). That's all you know about them.

We tend to judge wealth by what we see, because that's the (self-edit: only) information we have in front of us.”
Morgan Housel, The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness

Morgan Housel
“Be nicer and less flashy. No one is impressed with your possessions as much as you are. You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration. And you’re more likely to gain those things through kindness and humility than horsepower and chrome.”
Morgan Housel, The Psychology of Money

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