Confidence in financial decisions comes from selfunderstanding from "summary" of The Geometry of Wealth by Brian Portnoy
Confidence in financial decisions is a fragile thing. At its core, it stems from self-understanding. This may sound straightforward, but it's actually quite complex. Self-understanding involves a deep dive into our own attitudes, beliefs, and values. It requires us to confront our fears, biases, and blind spots. This introspection can be uncomfortable, even painful at times. But it's essential for building a foundation of confidence in our financial decisions. When we truly understand ourselves, we can make decisions that align with our values and goals. This alignment provides a sense of purpose and direction that can guide us through turbulent times. It helps us stay focused on what truly matters to us, rather than getting swept up in the latest trends or market fluctuations. This clarity of purpose is a powerful antidote to the anxiety and uncertainty that often accompany financial decision-making. Self-understanding also enables us to recognize our limitations. We all have biases and blind spots that can cloud our judgment. By acknowledging these limitations, we can take steps to mitigate their impact on our decisions. This might involve seeking advice from trusted advisors, conducting thorough research, or simply taking a step back to reflect before making a major financial decision. This humility and self-awareness are essential for building a resilient and sustainable approach to wealth management.- Confidence in financial decisions is not about having all the answers or making perfect choices. It's about knowing ourselves well enough to make decisions that are in line with our values and goals. It's about being able to weather the inevitable ups and downs of the market with grace and resilience. This kind of confidence is not built overnight, but through a process of self-discovery and growth. It requires patience, introspection, and a willingness to embrace uncertainty. But the rewards are well worth the effort: a sense of purpose, clarity, and peace of mind that can sustain us through even the most challenging times.
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