Mind of Money

Doing well with money has a little to do with how smart you are and a lot to do with how you behave. You can be a genius mathematician and go broke, or a janitor and die a millionaire. "The Mind of Money" (inspired by Morgan Housel) explores the strange, often irrational psychology of wealth. Greed, fear, and ego destroy more portfolios than any market crash. We look at why we spend money: often to impress people we don't even like. Understand the power of "enough." The hardest financial skill is getting the goalpost to stop moving. Learn the magic of compounding, which requires the patience to do nothing for a very long time—something our active brains hate. Stop trying to outsmart the market with complex trades. Start trying to control your emotions. Your savings rate is more important than your investment returns. Survival is the only strategy that matters. Master your mind to master your money.