#075 The Best Top 10 Quotes from Morgan Housel on Investing & Money

Oct 21, 2023

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behaviour is hard to teach, even to really smart people
Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time
Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance
Assume the worst, hope for the best, and accept reality
Savings can be created by spending less. You can spend less if you desire less. And you will desire less if you care less about what others think of you
If you want to do better as an investor, the single most powerful thing you can do is increase your time horizon. Time is the most powerful force in investing
The best company in the world run by the smartest management can be a terrible investment if purchased at the wrong price
Spending money to show people how much money you have is the fastest way to have less money
Getting rich and staying rich are different things that require different skills
Investing is not the study of finance. It’s the study of how people behave with money

If you love Morgan Housel's writing, You will love his new book Same As Ever

Thanks for reading.

Dhaval.

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