Posted inWisdom

Wise advice on The Psychology of Money

If you want to do better as an investor, the single most powerful thing you can do is increase your time horizon - Morgan Housel
The core message here is brutally simple: your greatest investing edge isn't a hot stock tip or a complex algorithm. It's patience. It's the simple, yet incredibly difficult, act of waiting.
Less ego more wealth Saving money is the Meaning Factcheck Usage
Posted inWisdom

Wise advice on The Psychology of Money

Less ego, more wealth. Saving money is the gap between your ego and your income, and wealth is what you don’t see - Morgan Housel
At its core, this quote means that your ego, the part of you that wants to display status and keep up appearances, is the primary enemy of your financial growth. True wealth is quiet and invisible, built on the money you *don't* spend.
Posted inWisdom

Wise advice on The Psychology of Money

Few things matter more with money than understanding your own time horizon and not being persuaded by the actions and behaviors of people playing different games than you are - Morgan Housel
This quote is about the critical importance of aligning your financial decisions with your personal goals and timeline, while actively ignoring the distracting and often irrelevant actions of others.