Tim Teege (lädt …)
Florian (lädt …)
I don't know how to categorize this books. It's not exactly a personal finance book, but kind of. It's not exactly a book about the foundations of behavioural finance, but kind of. I think the best way to describe it is that it's a collection of essay-form chapters loosely following a few central concepts:
- It's better to be reasonable in investing than it is to be perfectly rational
- Aim for a large margin of safety -- in investing but also in any life decisions
- Saving is worthwhile without having to save "for something"
- Accept that randomness is part of reality
- View "risk" as the normal fee to pay for achieving high returns and don't even attempt to escape it (= don't try to time the market)
I think Morgan Housel did a great job with this book. He didn't craft a whole new framework like many business book attempt to do. He didn't try to, and I think this was exactly right. This is a book that connects the dots, so to speak. It was short, to the point, and a breeze to read.
Eine Menge über private Finanzen gelernt. Vieles sollte schon längst Allgemeinwissen sein, ist aber aufgrund des Tabus "über Geld spricht man nicht" leider im Verborgenen und man selbst muss sich und andere immer wieder in dieselben Fallen reinlaufen sehen.
Lange Zusammenfassung in meinem Blog: Morgan Housel – The Psychology of Money