Your personal experiences with money make up maybe 0.00000001% of what’s happened in the world, but maybe 80% of how you think the world works. So equally smart people can disagree about how and why recessions happen, how you should invest your money, what you should prioritize, how much risk you should take, and so on.
Riad Ghellabfez uma citaçãohá 3 anos
We need to believe we live in a predictable, controllable world, so we turn to authoritative-sounding people who promise to satisfy that need.”
Satisfying that need is a great way to put it. Wanting to believe we are in control is an emotional itch that needs to be scratched, rather than an analytical problem to be calculated and solved. The illusion of control is more persuasive than the reality of uncertainty. So we cling to stories about outcomes being in our control.
Soliloquios Literariosfez uma citaçãohá 3 anos
1. 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
Shin Loon Leefez uma citaçãohá 4 anos
As for the top one percent, the really well-to-do and the rich, whom we might classify very roughly indeed as the $16,000-and-over group, their share of the total national income, after taxes, had come down by 1945 from 13 percent to 7 percent
Shin Loon Leefez uma citaçãohá 4 anos
They are surely wrong: the outcome of a start-up depends as much on the achievements of its competitors and on changes in the market as on its own efforts.
Marianafez uma citaçãohá 5 anos
doing well with money has a little to do with how smart you are and a lot to do with how you behave
Shivanifez uma citaçãohá 18 dias
Voltaire’s observation that “History never repeats itself; man always does.”
Shivanifez uma citaçãohá 18 dias
The world is full of obvious things which nobody by any chance ever observes.”
—Sherlock Holmes
Shivanifez uma citaçãohá 18 dias
“A genius is the man who can do the average thing when everyone else around him is losing his mind.”
—Napoleon
Tatenda Dandarafez uma citaçãohá 23 dias
Some people are born into families that encourage education; others are against it. Some are born into flourishing economies encouraging of entrepreneurship; others are born into war and destitution. I want you to be successful, and I want you to earn it. But realize that not all success is due to hard work, and not all poverty is due to laziness. Keep this in mind when judging people, including yourself.