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Money psychology2020

The Psychology of Money

Morgan Housel

Explains why behavior, time, and tolerance for volatility often matter more than complex investing technique.

Checklist

Do I have a rule to separate skill from luck?

Do I have a rule to identify bias before deciding?

Do I have a rule to design rules against emotional reactions?

Do I have a rule to judge process rather than outcome alone?

Write down what would invalidate the thesis.

Set a review date before acting.