Chains of Information
Let’s begin with an example: The Psychology of Money by Morgan Housel is one of the better and efficient books I’ve read lately. It’s short-ish but information-packed, and not dense in terms of jargon or otherworldly concepts. It’s an intro to a handful of personal and even global finance and economic ideas and also sidetracks to a set of more general psychological concepts. It pushes the reader to ponder whether logical facts should overrule emotional needs. Quite often, no, they should not. Doing illogical things that brings you calm of mind is not stupid, but oftentimes wise. It presents ideas useful in other aspects of life in general.
For example, compounding may be an obvious or at least a known concept in terms of investing. But really, compounding works in personal relationships too. It applies to any effort one spends on a hobby. “Time in the market beats timing the market”...
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