I write detailed summaries and notes on all the books I read. For me, reading books is the best way to learn from other people’s life experiences, and taking notes helps me retain the information so I can put it into use.
Title: The Psychology of Money
Author: Morgan Housel
Summary: This book helped me come to grips with the insecurities I have as an investor. The truth is, no one really knows what they are doing and behavior is a much more important factor than skill in the world of investing.
We are emotional creatures. No matter what we do, we will always make choices based on how we feel. Investing is no different. So, understanding how we feel about a situation is the first step in truly becoming a master of our own financial fate.
It was a great book. I read it in 3 days. I loved it.