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Focus on process, not outcomes from "summary" of The Psychology of Money by Morgan Housel
The idea that you should focus on process, not outcomes, is a simple but powerful concept. It's all about recognizing that you can't always control the outcomes of your decisions, but you can control the process you use to make those decisions. This mindset can be incredibly liberating because it allows you to let go of the need to constantly worry about whether things will turn out the way you want them to. Instead, you can focus on doing the best you can with the information you have at hand, knowing that you've done everything in your power to set yourself up for success. When you focus on process, not outcomes, you're able to make decisions based on what you believe is the right course of action, rather than what you hope will lead to a specific result. This can help you avoid the temptation to chase after short-term gains or take unnecessary risks in pursuit of a particular outcome. By staying true to your process, you're more likely to make sound, rational decisions that will serve you well in the long run. One of the keys to focusing on process, not outcomes, is to have a ...
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