âIf you have flexibility you can wait for good opportunities, both in your career and for your investments. Youâll have a better chance of being able to learn a new skill when itâs necessary. Youâll feel less urgency to chase competitors who can do things you canât, and have more leeway to find your passion and your niche at your own pace. You can find a new routine, a slower pace, and think about life with a different set of assumptions. The ability to do those things when most others canât is one of the few things that will set you apart in a world where intelligence is no longer a sustainable advantage.â
Excerpt From
The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness
Morgan Housel
Doing well with money isnât necessarily about what you know. Itâs about how you behave. And behavior is hard to teach, even to really smart people. Moneyâinvesting, personal finance, and business decisionsâis typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people donât make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of lifeâs most important topics.
