Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.
Money―investing, personal finance, and business decisions―is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. T...
Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.
Money―investing, personal finance, and business decisions―is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.
In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.
作者简介
· · · · · ·
Morgan Housel is a partner at The Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalis...
Morgan Housel is a partner at The Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism.
原文摘录 · · · · · ·
The point is that the ceiling of social comparison is so high that virtually no one will ever hit it. Which means it's a battle that can never be won, or that the only way to win is to not fight to begin with-- to accept that you might have enough, even if it's less than those around you. (查看原文)
Luck and risk are both the reality that every outcome in life is guided by forces other than individual effort. They are so similar that you can't believe in one without equally respecting the other. They both happen because the world is too complex to allow 100% of your actions to dictate 100% of your outcomes. They are driven by the same thing: you are one person in a game with seven billion other people and infinite moving parts. The accidental impact of actions outside of your control can be more consequential than the ones you consciously take. (查看原文)
这是一本很朴素的讲投资的书。讲过节俭的生活、提高储蓄率、做那些让夜晚能安睡的投资、持有一定现金而不是因为意外不得不卖掉股票、投资的意义(take control of your time)等等。没有实操的方法论,就是一些投资理念的比较私人的阐释。作为初学投资的人,我读起来觉得很真诚,读完也让我更踏实,更相信一些朴实的众人皆知的投资理念了。与时间做朋友,坚持指数基金定投。
这本书的主要内容是什么? 这本书不是讲关于市场投资的金钱理论方法,而是讲人们作者对于人们在投资的时候有的一种心理活动。 目录 Table of Contents The Psychology of Money Introduction: The Greatest Show On Earth 1. No One's Crazy 2. Luck& Risk 3. Never Enough...
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1.每个人因为所处时代,所受教育,掌握资讯和参与的游戏不同,会做一些在外人看来crazy的事,but NO one is crazy. 2.在自己成功和失败时不要低估运气的作用 3.wealth and rich is different. wealth是没有花掉的钱,可以给我们生活的控制权,而这一点对幸福感贡献巨大。而且这...
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虽然我是会回应三体人的那一派,但在等待三体人的时间里,还是不得不臣服于现代智人的世界观,于是要看这本<The Psychology of Money>。 作者基本上是用20章的篇幅,讲了20句话。很多还是没什么用的废话。比如: 'Building wealth has little to do with your income or ...
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拒绝内卷,躺平从我做起。 The point is that the ceiling of social comparison is so high that virtually no one will ever hit it. Which means it's a battle that can never be won, or that the only way to win is to not fight to begin with-- to accept that you might have enough, even if it's less than those around you.
2021-08-23 22:40:0115人喜欢
拒绝内卷,躺平从我做起。
The point is that the ceiling of social comparison is so high that virtually no one will ever hit it. Which means it's a battle that can never be won, or that the only way to win is to not fight to begin with-- to accept that you might have enough, even if it's less than those around you.引自第42页
Luck and risk are both the reality that every outcome in life is guided by forces other than individual effort. They are so similar that you can't believe in one without equally respecting the other. They both happen because the world is too complex to allow 100% of your actions to dictate 100% of your outcomes. They are driven by the same thing: you are one person in a game with seven billion ...
2021-08-21 00:06:265人喜欢
Luck and risk are both the reality that every outcome in life is guided by forces other than individual effort. They are so similar that you can't believe in one without equally respecting the other. They both happen because the world is too complex to allow 100% of your actions to dictate 100% of your outcomes. They are driven by the same thing: you are one person in a game with seven billion other people and infinite moving parts. The accidental impact of actions outside of your control can be more consequential than the ones you consciously take.引自第28页
作者也提出了他对投资的一些看法,对我来说最有用的可能是调整好心态吧。作者以许多例子说明投资需要的是运气,不要期待买了一株股票就会有高回报,也不要期待在短时间里就可以看到收益。既然选择了这种会有风险的回报,那就要调整好心态。"Everthing has its price":即便投资失败了,也可以把它当作是一种费用;而不是抱着赌博的心态,稍有损失,便失魂落魄。
1. The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave. And behavior is hard to teach, even to really smart people. 2. One, financial outcomes are driven by luck, independent of intelligence and effort. That’s true to some extent, and this book will discuss it in further detail. Or, two (and I think more common)...
2022-01-31 23:26:131人喜欢
1. The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave. And behavior is hard to teach, even to really smart people.
2. One, financial outcomes are driven by luck, independent of intelligence and effort. That’s true to some extent, and this book will discuss it in further detail. Or, two (and I think more common), that financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know. I call this soft skill the psychology of money.
3.Your personal experiences with money make up maybe 0.00000001% of what’s happened in the world, but maybe 80% of how you think the world works.
4.The economists wrote: “Our findings suggest that individual investors’ willingness to bear risk depends on personal history.”
5.That kind of thing doesn’t just affect the opportunities you come across; it affects what you think about those opportunities when they’re presented to you.
6.For every Bill Gates there is a Kent Evans who was just as skilled and driven but ended up on the other side of life roulette. If you give luck and risk their proper respect, you realize that when judging people’s financial success—both your own and others’—it’s never as good or as bad as it seems.
7.Focus less on specific individuals and case studies and more on broad patterns.
8.Studying a specific person can be dangerous because we tend to study extreme examples—the billionaires, the CEOs, or the massive failures that dominate the news—and extreme examples are often the least applicable to other situations, given their complexity. The more extreme the outcome, the less likely you can apply its lessons to your own life, because the more likely the outcome was influenced by extreme ends of luck or risk.
9.The only way to know how much food you can eat is to eat until you’re sick. Few try this because vomiting hurts more than any meal is good.
10.good investing isn’t necessarily about earning the highest returns, because the highest returns tend to be one-off hits that can’t be repeated. It’s about earning pretty good returns that you can stick with and which can be repeated for the longest period of time. That’s when compounding runs wild.
11.there’s only one way to stay wealthy: some combination of frugality and paranoia.
12.Getting money requires taking risks, being optimistic, and putting yourself out there. But keeping money requires the opposite of taking risk. It requires humility, and fear that what you’ve made can be taken away from you just as fast. It requires frugality and an acceptance that at least some of what you’ve made is attributable to luck, so past success can’t be relied upon to repeat indefinitely.
13. 1. 1. 13.Compounding only works if you can give an asset years and years to grow. It’s like planting oak trees: A year of growth will never show much progress, 10 years can make a meanin gful difference, and 50 years can create something absolutely extraordinary.
14.A plan is only useful if it can survive reality. And a future filled with unknowns is everyone’s reality. A good plan doesn’t pretend this weren’t true; it embraces it and emphasizes room for error. The more you need specific elements of a plan to be true, the more fragile your financial life becomes. If there’s enough room for error in your savings rate that you can say, “It’d be great if the market returns 8% a year over the next 30 years, but if it only does 4% a year I’ll still be OK,” the more valuable your plan becomes.
15.optimistic about the future, but paranoid about what will prevent you from getting to the future
16.A good definition of an investing genius is the man or woman who can do the average thing when all those around them are going crazy.
17.“It’s not whether you’re right or wrong that’s important,” George Soros once said, “but how much money you make when you’re right and how much you lose when you’re wrong.” You can be wrong half the time and still make a fortune.
18.Having a strong sense of controlling one’s life is a more dependable predictor of positive feelings of wellbeing than any of the objective conditions of life we have considered.
19.There is a paradox here: people tend to want wealth to signal to others that they should be liked and admired. But in reality those other people often bypass admiring you, not because they don’t think wealth is admirable, but because they use your wealth as a benchmark for their own desire to be liked and admired.
20. one of the most powerful ways to increase your savings isn’t to raise your income. It’s to raise your humility.
21.So people’s ability to save is more in their control than they might think. Savings can be created by spending less. You can spend less if you desire less. And you will desire less if you care less about what others think of you.
22.experience leads to overconfidence more than forecasting ability
23.You have to survive to succeed. To repeat a point we’ve made a few times in this book: The ability to do what you want, when you want, for as long as you want, has an infinite ROI.
“The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave. And behavior is hard to teach, even to really smart people.” “这本书的前提是,用钱做好与你有多聪明有一点关系,与你的行为方式有很大关系。行为很难教,即使是真正聪明的人。” 一个失去情绪控制的天才可能是一场金融灾难。 “you need to think about the agony of lookin...
2022-05-29 14:54:35
“The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave. And behavior is hard to teach, even to really smart people.”
4 最简单有效的投资方式就是延长你的投资时间。不轻易打断你的投资,时间自然会让复利可观。为了保持时间的长度,最重要的就是决策要有容错率得以在意外发生时仍然有能力stay in the game,等到时间work in your favor。同时避免极端的决定,因为随着时间的变化,你的目标和需求也会改变,而你很可能在日后为极端的决策后悔。
Spreadsheets can model the historic frequency of big stock market declines. But they can't model the feeling of coming home,looking at your kids, and wondering if you've made a mistake that will impact their lives.
2022-03-19 17:53:58
Spreadsheets can model the historic frequency of big stock market declines. But they can't model the feeling of coming home,looking at your kids, and wondering if you've made a mistake that will impact their lives.
作者也提出了他对投资的一些看法,对我来说最有用的可能是调整好心态吧。作者以许多例子说明投资需要的是运气,不要期待买了一株股票就会有高回报,也不要期待在短时间里就可以看到收益。既然选择了这种会有风险的回报,那就要调整好心态。"Everthing has its price":即便投资失败了,也可以把它当作是一种费用;而不是抱着赌博的心态,稍有损失,便失魂落魄。
“The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave. And behavior is hard to teach, even to really smart people.” “这本书的前提是,用钱做好与你有多聪明有一点关系,与你的行为方式有很大关系。行为很难教,即使是真正聪明的人。” 一个失去情绪控制的天才可能是一场金融灾难。 “you need to think about the agony of lookin...
2022-05-29 14:54:35
“The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave. And behavior is hard to teach, even to really smart people.”
4 最简单有效的投资方式就是延长你的投资时间。不轻易打断你的投资,时间自然会让复利可观。为了保持时间的长度,最重要的就是决策要有容错率得以在意外发生时仍然有能力stay in the game,等到时间work in your favor。同时避免极端的决定,因为随着时间的变化,你的目标和需求也会改变,而你很可能在日后为极端的决策后悔。
Spreadsheets can model the historic frequency of big stock market declines. But they can't model the feeling of coming home,looking at your kids, and wondering if you've made a mistake that will impact their lives.
2022-03-19 17:53:58
Spreadsheets can model the historic frequency of big stock market declines. But they can't model the feeling of coming home,looking at your kids, and wondering if you've made a mistake that will impact their lives.
作者也提出了他对投资的一些看法,对我来说最有用的可能是调整好心态吧。作者以许多例子说明投资需要的是运气,不要期待买了一株股票就会有高回报,也不要期待在短时间里就可以看到收益。既然选择了这种会有风险的回报,那就要调整好心态。"Everthing has its price":即便投资失败了,也可以把它当作是一种费用;而不是抱着赌博的心态,稍有损失,便失魂落魄。
0 有用 会飞的雀仔 2022-02-26 11:28:57
本周的audiobook。无甚新意,降低了人们对致富的预期,要人们理性一点,从认清自己的实际需求做起。除了luck外,普通人能做的就是多储蓄,甚至是不需要理由的储蓄,以及be patient。比较好的部分是讲到投资选择和风险偏好时,提到了每个人都因为自己独特的背景和认知而不同,这里没有对错
2 有用 sepumpkin 2021-03-02 06:48:01
Growth is driven by compounding, which always takes time. Endurance is key.
1 有用 减肥宅 2022-02-22 00:51:22
大道至简。虽然这本书的视角很基本,行文很口语化,难度很小儿科,但是这不是一本入门级的理财读物。如果对理财一无所知,连账都不记的人,看完这本书会估计会觉得,切,这些我也懂。但是作为一个看了不下20本中西方理财书籍(or垃圾),躬身实践多年的老菜鸟(穷鬼),看这本书反而让我觉得收获颇多。会觉得,原来自己之前的各种“知易行难”是因为这样啊!理财就是修行,这确实是一部有实用价值的心理学著作。
5 有用 Lemonade 2020-11-24 23:12:59
这是一本很朴素的讲投资的书。讲过节俭的生活、提高储蓄率、做那些让夜晚能安睡的投资、持有一定现金而不是因为意外不得不卖掉股票、投资的意义(take control of your time)等等。没有实操的方法论,就是一些投资理念的比较私人的阐释。作为初学投资的人,我读起来觉得很真诚,读完也让我更踏实,更相信一些朴实的众人皆知的投资理念了。与时间做朋友,坚持指数基金定投。
1 有用 会飞的呆呆猪 2022-03-10 16:18:39
存钱存钱存钱,吃饱睡好躺赢。
0 有用 休伦塔 2022-06-26 22:54:44
工具书
0 有用 cutiequeen 2022-06-24 12:14:13
除了小狗钱钱之后,推荐的finance book。
0 有用 tulipomania 2022-06-21 07:44:39
韭菜坚持不住的时候看看这本书吧
0 有用 撑死的香蕉鱼 2022-06-20 13:03:39
提高储蓄率!!!降低消费欲望,每日反思:“如果我是个理性的人,我喜欢这些花里胡哨的东西吗?”
0 有用 lichen 2022-06-18 21:01:40
不错的一本小书,观点很实用。