Book : The Psychology of Money by Morgan Housel

  1. Go out of your way to find humility when things are going right and forgiveness/compassion when they go wrong.
  2. Less ego, more wealth.
  3. Manage your money in a way that helps you sleep at night. That’s different from saying you should.
  4. If you want to do better as an investor, the single most powerful thing you can do is increase your time horizon.
  5. Become OK with a lot of things going wrong. You can be wrong half the time and still make a fortune.
  6. Use money to gain control over your time.
  7. Be nicer and less flashy.
  8. Save. Just save. You don’t need a specific reason to save.
  9. Define the cost of success and be ready to pay it.
  10. Worship room for error.
  11. Avoid the extreme ends of financial decisions.
  12. You should like risk because it pays off over time.
  13. Define the game you’re playing.
  14. Respect the mess.