Morgan Housel: Rules, Truths and Beliefs

Morgan Housel, författare till boken “The Psychology of Money” är enligt mig en av de bästa tänkarna kring de emotionella delarna av pengar. Här är ett par dagar gammal artikel som han har skrivit som är väldigt tänkvärd. Enda nackdelen är att man hade kunnat prata hur mycket som helst om varje skriven punkt.

Det här är min absoluta favorit (eftersom den självklart pratar in i min värld). :joy:

Average returns sustained for an above-average period of time leads to extraordinary returns.

Några av mina favoriter:

“Be more patient” in investing is the “sleep 8 hours” of health. It sounds too simple to take seriously but will probably make a bigger difference than anything else you do.

Past performance increases confidence more than ability.

Few things are more persuasive than the opinion you desperately want or need to be true.

The market is rational but investors play different games and those games look irrational to people playing a different game.

It’s easy to ignore the power of tail events because it’s painful to accept that most of what happens isn’t that important.

The best way to get someone to believe something is not to show them facts, because facts can be interpreted in different ways. It’s to make their income or approval in a social circle depend on believing it.

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