I had been reading about this book
and its author Morgan Housel for quite some time. Finally, I got chance to
finish this book. I highly recommend it to all.
During my MBA, I had come across a
subject called “behavioral finance” for the first time. It was enlightening to study
and it all made sense. This book is the second such education I underwent.
The most important part I want to
highlight about this book is that the author appears very honest in it. Honesty
is often an underrated trait in the world of writing. Along with age, I have
been observing and appreciating it more and more. Near the end of the book, the
author has also included a chapter where he describes his own personal
investment style. He mentions that he mainly invests in low-cost index funds,
no risky investments, does not take debt, lives frugal lifestyle, saves lot of
his income for the rainy days, and it clearly seems that he practices what he advocates.
It was very touching.
There are about 20 chapters in this
book and all contain timeless wisdom related to life in general and wealth in
particular. Since I read a lot, I had come across a few of those lessons earlier
form other sources, but most of the book came as a great read and a great realization.
It is really nice to come across such
an honest book and this author who seems so genuine. Hats off to Morgan and as
I mentioned in the beginning, I highly recommend this book to one and all.
- Rahul Tiwary
No comments:
Post a Comment