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The Psychology of Money:
…stories are, by far, the most powerful force in the economy.
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193 |
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The Psychology of Money:
Incentives are a powerful motivator, and we should always remember how they influence our own financial goals and outlooks.
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197 |
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The Psychology of Money:
…there is no greater force in finance than room for error, and the higher the stakes, the wider it should be.
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197 |
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The Psychology of Money:
We all want the complicated world we live in to make sense. So we tell ourselves stories to fill in the gaps of what are effectively blind spots.
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199 |
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The Psychology of Money:
The illusion of control is more persuasive than the reality of uncertainty. So we cling to stories about outcomes being in our control.
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200 |
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The Psychology of Money:
Time is the most powerful force in investing. It makes little things grow big and big mistakes fade away.
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208 |
