Posted inWisdom

Wise advice on The Psychology of Money

Getting money requires taking risks, being optimistic, and putting yourself out there. But keeping money requires the opposite of taking risk - Morgan Housel
The core message is that the skills needed to acquire wealth are fundamentally different from the skills needed to preserve it. One is about boldness, the other is about caution.
Posted inWisdom

The Psychology of Money Quote

Progress happens too slowly to notice, but setbacks happen too quickly to ignore - Morgan Housel
The core message is about the fundamental asymmetry in how we experience progress versus failure. Growth is a quiet, cumulative process, while loss is a loud, immediate event.