Money

Quotes from money of psychology:

Money and finance is more related to history and psychology. They are not science like physics or maths.

钱和金融更多的与历史和心理相关。它们不是像物理或数学一样的科学。

In the real world, people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.

在真实世界里，人们不是根据一张数据表做经济决定的。他们在餐桌上，在会议室里做决定。个人背景，世界观，自我意识，市场，以及各种动机混合一起来影响这些决定。

Doing well with money has a little to do with how smart you are and a lot to do with how you behave.

财理得好和智商关系不大，和你如何行动关系很大。

A genius who loses control of their emotions can be a financial disaster. The opposite is also true. Ordinary folks with no financial education can be wealthy if they have a handful of behavioral skills that have nothing to do with formal measures of intelligence.

Money is everywhere, it affects all of us, and confuses most of us.

To grasp why people bury themselves in debt you don’t need to study interest rates; you need to study the history of greed, insecurity, and optimism.

Good investing isn’t necessarily about earning the highest returns, because the highest returns tend to be one-off hits that can’t be repeated. It’s about earning pretty good returns that you can stick with and which can be repeated for the longest period of time. That’s when compounding runs wild.

Controlling your time is the highest dividend money pays.

The highest form of wealth is the ability to wake up every morning and say, “I can do whatever I want today.”