I happened to see a book recommendation from a friend on Instagram last week, and decided to give it a whirl – I found it to be a very enjoyable read, particularly for the stories shared in this book. Morgan Housel makes the point that financial know-how is actually less of a hard science than you might think. Unlike in other fields, in finance an unknown petrol station attendant with a high school education might make millions, while a celebrated, Harvard-educated finance executive goes bankrupt. It all boils down to behaviour. Housel explores why psychology has more to do with positive financial outcomes than our math skills.
Tag: money
9 Things That Motivate Employees More Than Money
Don’t show ’em the money (even if you have it). Here are nine better ways to boost morale. The ability to motivate employees is one of the greatest skills an entrepreneur can possess. Two years ago, I realized I didn’t have this skill. So I hired a CEO who did. Josh had 12 years in…
Want to put your kid on road to Millionaire Row by 21? Here’s how…
While some youngsters long to become rock stars or Hollywood heavyweights, others now gravitate towards another stripe of pop-cultural celebrity: the whiz kid who becomes a millionaire before age 21. That’s not hard to fathom now, given the likes of Facebook’s Mark Zuckerberg and other tech hotshots. But for Susan Beacham — founder of Money…