The Psychology of Money

Doing well with money is more about behavior than intelligence.

Compounding is the eighth wonder; the longest time horizon usually wins.

Save like a pessimist, invest like an optimist — and never confuse the two.

Wealth is what you don't see — the cars not bought, the watches not worn.

Reasonable beats rational — the plan you stick with beats the optimal one you abandon.

Room for error is the only edge against an unknowable future.

Define enough early — without it, even success won't feel like enough.