The Psychology of Money Archives

The line between bold and reckless can only Meaning Factcheck Usage

The Psychology of Money Quote

The line between bold and reckless can only be seen after you’ve crossed it - Morgan Housel

The core idea is that the distinction between a courageous act and a foolish one is almost always a matter of outcome, not intention.

Wisdom

The Psychology of Money Quote

Everything has a price, but not all prices appear on labels - Morgan Housel

This quote means that every single thing we pursue, own, or achieve carries a cost, but the most significant costs are rarely monetary. They're the unseen trade-offs, the hidden sacrifices, the opportunities we let go.