To The Moon

Pick up that book! 

In the current internet world, we are fed with tons and tons of information everday at a high pace putting unnecessary pressure on the brain to digest all these information

Reading a physical book is actually a very relaxing activity, it gives us a new perspective of a subject and the author usually goes much deeper on a single topic. This activity relief pressure on the brain and are more easy going on the eyes 

The Psychology of Money by Morgan Housel

Since this is a investing community I would like to recommend a book about investing, The Psychology of Money by Morgan Housel

There is a saying "An investor's greatest enemy is not the stock market but his own emotions" 

This book provides insights into how our emotions, biasness and behaviors impact our financial lives and decisions. It goes deep into ways which our emotions, biases influences our financial decision-making.

Some key takaways from the book

- There is no reason to risk what you have and need for you don't have and don't need

- Your personal experiences with money makes up 0.00000001% of what’s happened in the world, but maybe 80% of how you think the world works

- Luck always plays a role in success 

- There are many things never worth risking such as reputation, freedom, independence, family, friends and happiness no matter the potential gains

- It is easier to get wealthy than to stay wealthy 

- Overconfidence can lead to bad investment decisions and how humility and caution are important for financial success. 

- Emotions like fear, greed and hope can impact financial decisions and drive irrational behavior and worst if these behavior leaked into our daily lives 

Thoughts 

Ultimately, true measure of wealth is defined by abundance of time, freedom of choice and overall happiness

Back to the topic of reading, it is wise to read a book time to time give you some provocative thoughts and what better than to start with the book above. 

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