The Psychology of Money

by Morgan Housel

The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays.

But doing something you love on a schedule you can’t control can feel the same as doing something you hate.

But, in fact, what you should learn when you make a mistake because you did not anticipate something is that the world is difficult to anticipate. That’s the correct lesson to learn from surprises: that the world is surprising.

“the purpose of the margin of safety is to render the forecast unnecessary.”

“The more the Internet exposes people to new points of view, the angrier people get that different views exist.”