A 21-Tweet summary of π§π΅π² π£πππ°π΅πΌπΉπΌπ΄π πΌπ³ π πΌπ»π²π, by @morganhousel.
1/21
A genius with poor emotional control can be a financial disaster.
An ordinary person with a handful of behavioral traits can be wealthy.
2/21
Every person has unique experiences that shape their views about money.
What makes no sense to you might be completely rational for someone else.
You don't know what they know.
Don't judge their monetary decisions based on your worldview.
3/21
Not all success is due to hard work. Not all poverty is due to laziness.
Acknowledge the role of luck and risk in all outcomes.
When you're taking risks, try to protect your downside.
When you get successful, acknowledge the role of luck.
4/21
'Enough' is a decision, not an amount.
Learn when to make it, and don't fall into the trap of risking your reputation for the chance to earn more money.
