Cody Brackeen’s Reviews > The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness > Status Update

Most important chapter is 19 summary of all others

The story’s told change the markets not the numbers
You don’t know what you don’t know
You only feel a certain way about the market because that’s the only way you can feel/ you want to feel

Pessimism is just easier that why you hear so much negativity about money

What game are you playing
Day trading
Long investment
Shot investment
Find your game so you know the rules

There is a price to pay for long term growth it can be plaid by scarring you going down far or fear of a recession or it can be paid by losing 20% of your money find the price and pay it!

Have room for error maybe how much you are willing to lose and be ok with or maybe savings

The further back in history you go the more general the ideas about money should be because the world has changed and will always change

What is rational it is how you feel about your money

Wealth is what you don’t spend
Your savings rate is exponential growth