The Psychology of Money — with Morgan Housel
The Prof G Pod with Scott Galloway
00:00
Saving Like a Pessimist and Investing Like an Optimist
The two skills of getting rich and staying rich are different and opposing./nOptimism and conservatism are both necessary for financial success./nAdmiral James Stockdale's experience as a prisoner of war in Vietnam highlights the drawbacks of excessive optimism./nChronic optimism can lead to disappointment and depression.
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