The Psychology of Money by Mor-To The Moon - Tiger Brokers Online Investing Community - To The Moon

The Psychology of Money by Morgan Housel. Some takeaways -

1. Luck and Risk are doppelangers - every outcome in life is guided by forces other than individual effort.The difficulty in identifying what is luck, skill and risk is one of the biggest problems we face when managing money.The line between 'inspiringly bold' and 'foolishly reckless' can be a millimeter thick and only visible on hindsight.

2. Be careful who you praise and admire.Be careful who you look down upon and wish to avoid becoming. Don't assume that 100% of the outcomes can be attributed to efforts and decisions. Realise that not all success is due to hard work and not all poverty is due to laziness. Focus less on specific individuals and more on broad patterns. Studying a specific person is dangerous because we tend to study extreme examples like billionaires and CEOs which can't be applied to us.

For those curious to know more, head on to my page / @SPACE ROCKET to find out more! @IrmaBurke @Barcode @koolgal🩷

Share Your Book List

Today I would like to invite you to share your book list to win Tiger Coins. you obtain a chance to win a Tiger gift. 📚Share your reading plans, such as how many books you plan to read? How long do you read each week? 📚Tell us about a book you would like to read and why you would recommend it. 📚Describe your own reading tips and reflections ⏰Event Duration：12 April 2024 - 30 April 2024

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Barcode
04-13
Barcode
Thankyou and a good coverage of this book. Sounds like it would be an easy read with relatable anecdotes in digestible narratives 😊
- SPACE ROCKET:
  Thank you darling! This is one of the better reads that I have come across and indeed, it's interestingly relatable. Have a pleasant weekend ahead dearie!! 💙🩷💜
koolgal
04-13
koolgal
Thanks for sharing your valuable insights on this great book😍😍😍
- SPACE ROCKET:
  Thanks darling!! Have an awesome weekend ahead!! 🙌🫶
ZEROHERO
04-13
ZEROHERO
Thanks for sharing
- SPACE ROCKET:
  Welcome bro!! 🤣

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Sounds like it would be an easy read with relatable anecdotes in digestible narratives 😊","text":"Thankyou and a good coverage of this book. Sounds like it would be an easy read with relatable anecdotes in digestible narratives 😊","html":"Thankyou and a good coverage of this book. Sounds like it would be an easy read with relatable anecdotes in digestible narratives 😊","likeSize":2,"commentSize":1,"subComments":[{"id":294760662511792,"commentId":"294760662511792","gmtCreate":1712981392404,"gmtModify":1712983730413,"authorId":4093561479903300,"author":{"id":4093561479903300,"idStr":"4093561479903300","authorId":4093561479903300,"name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.28","exceedPercentage":"93.38%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.22","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":294605983346872,"objectIdStr":"294605983346872","type":1,"supId":294615270969480,"supIdStr":"294615270969480","prevId":0,"prevIdStr":"0","content":"Thank you darling! This is one of the better reads that I have come across and indeed, it's interestingly relatable. Have a pleasant weekend ahead dearie!! 💙🩷💜","text":"Thank you darling! This is one of the better reads that I have come across and indeed, it's interestingly relatable. Have a pleasant weekend ahead dearie!! 💙🩷💜","html":"Thank you darling! This is one of the better reads that I have come across and indeed, it's interestingly relatable. 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Have an awesome weekend ahead!! 🙌🫶","text":"Thanks darling!! Have an awesome weekend ahead!! 🙌🫶","html":"Thanks darling!! 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