"The Psychology of Money" by Morgan Housel is the book I've re-read the most in recent years.
Packed with insights on investing, mindset and our relationship with money. Very valuable with the current pace of markets.
Here are 8 takeaways 🧵
1/ For financial success, psychology is more important than smarts
2/ Ultimate prize = controlling your time
3/ Being rich vs. being wealthy
4/ Volatility is the price you pay for higher returns
5/ Buffett's skill is investing, but his secret is time
6/ The best financial heuristic = "can I sleep at night"
7/ You only need a *few big wins* to succeed
8/ It's crucial to define your investing goals
9/ If you enjoyed that, I write threads breaking down tech and business 1-2x a week.
Follow @TrungTPhan to catch them in your feed.
Here's a one that might tickle your fancy:
10/ PS. Check out my Saturday newsletter, a round-up of hilarious memes and tweets.
Its also the best way to stay updated on my thinkboi content: trungphan.substack.com
11/ Finally, if you haven't read "The Psychology of Money" yet, def do it. The book's a short read (<200 pages) and drops fire on every page.
amazon.com/Psychology-Mon…
12/ Here's a good insight on the value of a having a cash cushion
13/ Last one: The skills for making money vs. keeping money are very different
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.