The Psychology of Money
Morgan Housel · 2020
"Financial outcomes are driven far more by behavior, temperament, and the narrow slice of personal history you happened to live through than by intelligence, income, or formal financial knowledge."
Two people can earn the exact same income for thirty years and retire on completely different footing — one broke, one wealthy. Housel's claim is that the gap is almost never intelligence. It's behavior: how each person handles fear, greed, ego, and time.
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Naval's Life Formulas
"Naval treats life outcomes as decomposable equations rather than vague aspirations — happiness, wealth, and income each break down into a small number of controllable inputs, making an otherwise abstract goal into something you can audit and act on directly."