Morgan Housel

Modern capitalism is a pro at two things: generating wealth and generating envy. Perhaps they go hand in hand; wanting to surpass your peers can be the fuel of hard work. But life isn’t any fun without a sense of enough. Happiness, as it’s said, is just results minus expectations.

Controlling your time is the highest dividend money pays.

The four most dangerous words in investing are, ‘it’s different this time.’”

Market returns are never free and never will be. They demand you pay a price, like any other product.

Less ego, more wealth.

doing well with money has a little to do with how smart you are and a lot to do with how you behave

Ordinary folks with no financial education can be wealthy if they have a handful of behavioral skills that have nothing to do with formal measures of intelligence.

Read saved what little he could and invested it in blue chip stocks. Then he waited, for decades on end, as tiny savings compounded into more than $8 million.
That’s it. From janitor to philanthropist.

One, financial outcomes are driven by luck, independent of intelligence and effort. That’s true to some extent, and this book will discuss it in further detail. Or, two (and I think more common), that financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know.

Everyone has their own unique experience with how the world works.