Discover and read the best of Twitter Threads about #ThePsychologyOfMoney

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Focus more on broad patterns, less on specific individuals & case studies.

From the book - #ThePsychologyOfMoney
[A thread on my key learnings from this book]
Doing well with money has little to do with your smartness, a lot to do with how you behave. And behaviour is hard to teach.

#ThePsychologyOfMoney 1/n
The hardest financial skill is getting the goalpost to stop moving.

Modern capitalism is a pro at two things: generating wealth and generating envy.

Life isn’t any fun without a sense of ‘enough’.

#ThePsychologyOfMoney 4/n
Read 5 tweets
My takeaways from the best seller
#ThePsychologyOfMoney by @morganhousel

It beautifully encapsulates , via chapters , the most under rated factor in investing - The Psychological aspect of it .

Do read the book :)

What we experience early on (in our adult life) is more compelling than what we learn second hand, which is why each person thinks about #Risk & #Reward DIFFERENTLY.

In theory we SHOULD make our investments based on OUR goals & options available.

However we tend to include our unique experiences of how the world works (albeit with incomplete information) which might seem crazy to others .

* Spreadsheets cannot replicate human emotions which is why no amount of studying can make one truly UNDERSTAND the underlying.
Read 31 tweets

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