Chapter
The Real Reason People Don't Invest
1:34:54 - 1:38:13 (03:18)
Many people view investing as a cold, spreadsheet endeavor rather than as a way to use capital to improve their quality of life. In order to think of investing as a tool for improving quality of life, individuals must shift their mindset towards viewing investments as a means of allocating capital rather than hoarding it.
Clips
Investing should not be viewed solely as a spreadsheet endeavor, but rather as a means of allocating capital towards enhancing one's quality of life.
1:34:54 - 1:37:26 (02:31)
Summary
Investing should not be viewed solely as a spreadsheet endeavor, but rather as a means of allocating capital towards enhancing one's quality of life. Though it may not always produce monetarily profitable returns, investing in life experiences can be a valuable investment in itself.
ChapterThe Real Reason People Don't Invest
Episode#576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor
PodcastThe Tim Ferriss Show
A crazy millionaire with a unique relationship with money used to carry around a several-inches-thick stack of hundred dollar bills and would randomly hand them to strangers to see their reactions, and later instructed his valets to get gold coins which he and his friends threw into the Pacific Ocean.
1:37:26 - 1:38:13 (00:47)
Summary
A crazy millionaire with a unique relationship with money used to carry around a several-inches-thick stack of hundred dollar bills and would randomly hand them to strangers to see their reactions, and later instructed his valets to get gold coins which he and his friends threw into the Pacific Ocean.