The Best Financial Advice I Know (What I Want My Kids To Learn)
The Morgan Housel Podcast
00:00
Financial Genius
- Napoleon defined military genius as doing the average thing when everyone else is panicking.
- This applies to money management, where consistency and avoiding major mistakes are key.
- Avoiding catastrophic errors, like excessive debt, is more impactful than any clever financial trick.
- Long-term financial well-being comes from not screwing up consistently, rather than exceptional actions.
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