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Book Discussion - The Psychology of Money

Not Overthinking

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The Role of Luck in Financial Success

No one actually thinks luck doesn't play a role in financial success. But since it's hard to quantify luck and rude to suggest that people's success is owed to it, the default stands is often to implicitly ignore luck as a factor of success. Coll: Be careful when assuming that 100 % of the outcomes can be attributed to effort and decisions. Is kind of the point behind the stories in this chapter. Chapter three is called never enough. And i think this is very interesting because he tells a lot of interesting stories about people who seem who had like sort of loads and loads and loads of money but wanted to chase even more money.

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