Morgan Housel: Internal vs External Benchmarks

Ytterligare en läsvärd artikel av Morgan Housel:

External benchmarks are deceiving because accomplishments are advertised while the ugly, hard, and painful parts of life are often hidden from view.

People play different games, some of which might not be related to your own goals.

The key to a lot of investing success is to be motivated by opportunity while immune to FOMO.

It’s hard to know how much of some external benchmarks owe their performance luck,

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The only way to consistently do what you want, when you want, with whom you want, for as long as you want, is to detach from other peoples’ benchmarks and judge everything simply by whether you’re happy and fulfilled, which varies person to person.

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