Book

The Psychology of Money

Morgan Housel

Why sensible people do unsensible things with money. The chapter on how a few outcomes carry an entire portfolio is worth the book on its own.

• Investing
• Psychology and behaviour
• Careers

1 idea from this book

• FrameworkInvesting

  A handful of outcomes carries a portfolio, and a career

  Results come from a few outcomes, so the job is to survive long enough to be there when they arrive.

  Position sizing, venture portfolio construction, and any moment of frustration that most of your effort seems to produce nothing.