Posted inWisdom

Wise advice on The Psychology of Money

Your success as an investor will be determined by how you respond to punctuated moments of terror, not the years spent on cruise control - Morgan Housel
Long-term investing success isn't about brilliant strategies during calm markets; it's about your gut-level reaction during sudden, violent downturns.
Posted inWisdom

Quotes about The Psychology of Money

Financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know - Morgan Housel
The core message here is brutally simple: Your financial outcomes are determined more by your psychology, your patience, your ego, your fear, than by your intelligence or the sophistication of your financial models.