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THE PSYCHOLOGY OF MONEY - Commented Book
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How Failure Can Be a Lousy Teacher
Success can be a lousy teacher because it seduces smart people into thinking their decisions were terrible. John Bogle, the vanguard founder who passed away in 2019, once told a story about money that highlights something we don't think about enough. Rajat Gupta was born in Kolkata, an orphaned as a teenager. People talk about the privileged few who began life on third base. Gupta couldn't even see the baseball stadium.
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