The Psychology of Money | Timeless Lessons on Wealth Greed and Happiness by Morgan Housel
The Psychology of Money | Timeless Lessons on Wealth Greed and Happiness by Morgan Housel
The financial behaviors of individuals are often intricately linked to psychological factors, yet we frequently overlook this connection, treating investment and finance as absolute rational hard sciences. Author Morgan Housel delves into the psychological aspects, elucidating the importance of both wealth accumulation and preservation. He shares 18 concise financial wisdoms with readers. It's highly recommended that everyone reads this book, as it sheds light on the significant role psychology plays in the process of creating wealth. Through reading, we can grasp the principles of money and understand the essence of how things operate. Although this is a financial and wealth-focused book, it's presented vividly and far from being dull.
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8:07 The most important quality to become rich is the unconditional fulfillment of agreements of any kind. The worlds stand and fall by this one true quality. The agreement is at the beginning of all worlds and falls with it. All the best! Peace! ✝️☮️
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