Business
Investors are better when they are pessimists – The Australian Financial Review
In his new book, ‘The Psychology of Money’, Morgan Housel explains why your daily finances should be managed conservatively.
Should investors be optimists or pessimists? According to Morgan Housel, who is a partner at Collaborative Fund, the answer is both.
In his new book, The Psychology of Money: Timeless lessons on wealth, greed, and happiness, Housel explains why your daily finances should be managed conservatively, even pessimistically: dont borrow too much, assume you can lose your job and prepare for the possibility of no salary for six to 12 months.
Morgan Housel.
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