This fascinating book could easily be closely read three times to benefit from its wisdom. There is so much far reaching thinking in its pages that one needs time to appreciate its insights.
One suggestion is to rigorously check our own narrative which we all create for ourselves around how we understand the world of investing and economics against reality. We should not hold fast to our own thinking and beliefs or look only for support thereof to the exclusion of fact or differing opinions. After all, it is our own thinking that we lean on when making investing, life, and financial decisions.
Another thought is to live below our means in order to save and thereby gain control over our time and destiny. Here we should suppress our desire to buy things to support our ego or self-image, and instead invest for the future.
Do not overestimate your investing prowess when things go well, and don’t beat yourself up when things go wrong. Luck and risk are part of life and investing, but they are extremely difficult to identify. These are two more ideas.
This book is a gem for those interested in some overall thinking about money and how it comes to impact our lives through its interplay with us and our perceptions.
