I’ve been thinking about this post A Few Things I’m Pretty Sure About by Morgan Housel. Quoting a few things that he mentioned that I want to ponder more about:
You don’t have to know exactly what the future holds to know that some people will handle it better than others.
It’s easy to mistake getting attention for being right or being admired, especially on social media.
The most valuable personal finance asset is not needing to impress anyone.
A bigger problem than price inflation is expectations inflation: A constant increase in what you need to be satisfied.
I have no interest in anything that’s not sustainable. The key to success in so many areas of life is endurance and longevity.
The proper financial mindset is to be scared enough to save for the short run and brave enough to invest for the long run.
Projection is one of the most powerful forces, so be careful around those who tell you how honest and trustworthy they are.
Any amount of intelligence can be overridden by: ego, insecurity, immorality, bad incentives, or impatience, usually in that order.
Everyone hates a spoiled child and knows that child is socially ruined, but they themselves want easy money. Do you see the irony? Money you didn’t earn or work hard for quickly becomes a social liability.
The four most dangerous financial traits are: FOMO, an addiction to the appearance of certainty when none exists, impatience, and laziness.
Not caring about temporary things, and obsessing over permanent things, is underrated.
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