Vicente’s Reviews > The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness > Status Update
Vicente
is on page 74 of 242
"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."
— Nov 22, 2024 01:02PM
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."
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Vicente’s Previous Updates
Vicente
is on page 217 of 242
Go out of your way to find humility when things are
going right and forgiveness/compassion when they
go wrong. Because it’s never as good or as bad as it
looks. The world is big and complex. Luck and risk
are both real and hard to identify. Do so when
judging both yourself and others. Respect the power
of luck and risk and you’ll have a better chance of
focusing on things you can actually control.
— Nov 22, 2024 05:23PM
going right and forgiveness/compassion when they
go wrong. Because it’s never as good or as bad as it
looks. The world is big and complex. Luck and risk
are both real and hard to identify. Do so when
judging both yourself and others. Respect the power
of luck and risk and you’ll have a better chance of
focusing on things you can actually control.
Vicente
is on page 150 of 242
Nassim Taleb says, “You can be risk loving and yet
completely averse to ruin.” And indeed, you should.
— Nov 22, 2024 03:05PM
completely averse to ruin.” And indeed, you should.
Vicente
is on page 104 of 242
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.
— Nov 22, 2024 01:57PM
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.
