DOING WELL WITH MONEY HAS A LITTLE TO DO WITH
how smart you are and a lot to do with how you behave. And
BEHAVIOR IS HARD TO TEACH,
EVEN TO REALLY SMART PEOPLE.
"A genius who loses control of their emotions can be a financial disaster. The opposite is also true.
ORDINARY FOLKS WITH NO FINANCIAL EDUCATION CAN BE WEALTHY
if they have a handfuls of behavioral skills that have nothing to do with formal measures of intelligence.
WE THINK ABOUT AND ARE TAUGHT ABOUT MONEY
in ways that are too much like physics (with rules and laws) and not ENOUGH LIKE PSYCHOLOGY (with emotions and nuance).

-

Good investing is not necessarily about making good decisions. It's about consistently not screwing up.

-

When you accept that tails drive everything in business, investing, and finance you realise that it's normal for lots of things to go wrong, break, fail and fall.

-

Luck and risk are both real and hard to identify.

-

Wealth is income not spent.

-

If you're a good worker you'll find the right company in the right field after several attempts and trials.

-

Controlling your time is the highest dividend money pays.

-

Save. Just Save. You don't need a specific reason to save.

-

The way to be rich is to spend money you have, and to not spend money you don't have.

-

The more you want something to be true, the more likely you are to believe a story that overestimates the odds of it being true.

-