Audio available in app
Risk is what you don't see from "summary" of The Psychology of Money by Morgan Housel
Risk is what you don't see. It's what you ignore when you're convinced that your future is going to be exactly like your past. It's the potential for things to change in ways that you can't predict. We tend to focus on what's visible and immediate, but the biggest risks are often hidden from view. They lurk in the shadows, waiting to surprise us when we least expect it. This is why it's so important to take a step back and consider the unknown unknowns that could upend our carefully laid plans. In investing, risk is often equated with volatility. But that's only part of...
Similar Posts
Embrace challenges as opportunities for growth
Facing challenges head-on is essential if we want to achieve growth in our lives. Challenges are not obstacles to be avoided, b...
Practice generosity and give back
The concept of generosity is a powerful force that can transform our relationship with money. When we practice generosity, we o...
Understanding your relationship with money is crucial
To truly understand your relationship with money, you must first acknowledge that it is more than just a tool for transactions....
Continuously learning about money is valuable
Understanding the value of continuously learning about money is crucial for achieving financial success. Money is an integral p...
The role of the central bank is to manage a country's monetary policy
The central bank plays a crucial role in safeguarding a country's monetary stability through the management of its monetary pol...
Focus on increasing your income
When it comes to building wealth, one of the key concepts to keep in mind is the importance of increasing your income. This mea...
Visualizing your goals can help manifest them
To achieve your goals, it is imperative to first visualize them in your mind's eye. By creating a mental picture of what you wa...
Utilize tools and resources to analyze investment opportunities
When it comes to analyzing investment opportunities, it is important to utilize various tools and resources that can help you m...
Learn to manage your emotions around money
One of the most important lessons to learn on your journey to financial success is how to control your emotions when it comes t...
Learn about different investment options
To become a successful investor, it is crucial to have a solid understanding of the various investment options available to you...