
The 10 Most Important Financial Skills
The Morgan Housel Podcast
00:00
The Importance of Being Comfortable with Discomfort in Investing
Being comfortable with discomfort in investing is crucial as it signifies the effort put in and the anticipation of future rewards. Financial rewards in investing require enduring uncertainty, confusion, losses, and emotional challenges. One should aim to be confident in the eventual rewards, rather than giving up or being oblivious to potential future outcomes. Additionally, successful investing involves a balance of analytical and psychological skills, recognizing when each is necessary and understanding how they interact with each other.
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