1% Action Will Change Your Life | The Psychology of Money

Hey guys, what are your key takeaways from this episode?

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Very interesting 👌 I learned a lot, thanks 🙏

Have their been any winners because the Billionaires that I thought had won Many of them still got many strings attached ⁉️🤣

I needed to hear this perspective! A great reminder on the often overlooked fundamentals 👌🏾

Thank's Man..."Patience" say's it all

Morgan Housel has a way of breaking things down few other authors have been able to. My biggest takeaway from all of his blogs and his book is that an individual’s personality/temperament is a better predictor of their portfolio performance than their intelligence. This can be true in no other domain. Period!

Therefore, there is no reason that the average Joe should not be able to outperform the highest paid portfolio managers.

Sooo… manyyyy…. Botsss in the comments of finance videos.

Preventing heart disease, cancer, & more also doesn’t make great $$—unfortunately—yet is simply done!

Yes, being frugal and starting modest home based business blossomed into early retirement with ample income.

Everything Morgan does is great! He helps you learn how to invest and thrive. A Teenager’s Guide on how to Invest Like Warren Buffett teaches the key investment principles to new investors.

Beautiful information

Whose brain behind Mr Buffet,nobody is discussing,,his family who is secret man with him , please research and tell the whole world,it is my question in front of your broadcast......????

Very important information

"Luck/timing" plays a major role in the outcome of your investment returns..I bought a 1000 shares of Qualcomm at $50/share when most analysts believed the stock was Destin to a $1000 a shares before Alain Greenspan said " irrational exuberant " that crush the 1990 stock market. Ps. Cmrc stock stock when from $80/ shares to $997/ share within four months.

Very informative. What I liked about him is that he's very honest and not just telling us good things just to buy his book.

Cool interview

No disrespect to the great discussion !
Penicillin was found in 1929,
However, the purification and first clinical use of penicillin would take more than a decade. Unprecedented United States/Great Britain cooperation to produce penicillin was incredibly successful by 1943.
This success overshadowed efforts to produce penicillin during World War II in Europe

What an eye-opening point of views!!!

I started investing March 2020! :) I think the best moment was really "seconds" before the pandemic hits, the global markets were suffering from the oil prices being in a all time low in a fabricated manner!

The 1% Millionaires stay rich by staying off high interest debts and investing passively. Personally i made my first million from having investments that spreads across stocks, etfs, coins and bonds, looking into Nfts .What i can say to early investors is diversification and solid management..at this point I'm actually grateful for my advisor Olivia Rene Reyes. it's been great.

Tama po Yan sinabe mo dito

Usable video! It is very important for any person to find something to strive for and fight for no matter what the circumstances. Once you set the right goal for yourself, making decisions will be easy and fun. What used to seem like an excruciating chore will turn into an enjoyable activity. Go where your labour will be needed! Go where there is money and where your work will be decently paid! Sooner or later you will have to co-operate with people of different nationalities and cultures. To make your business successful, you should learn a foreign language. I would like to recommend to you Yuriy Ivantsiv's workshop "Polyglot Notes. Practical tips on learning foreign language". This book will help you to structure and organise your individual language learning process, will give you the opportunity to independently determine the methodology of language learning, which will become interesting and unburdensome. In this amazing book everyone will find a lot of useful information: how to learn foreign languages, how to memorise information, how to deal with culture shock, what to pay attention to when travelling to another country. I am convinced that the book "Polyglot Notes" should be in the bag of every business person, school and college student, and tourist. The most important thing is that the book gives a good motivation. Don't be afraid to do something to realise your dreams! If people realised that fears have no connection with reality, everyone would live a much better life. Thanks to the author of the channel for the informative and useful video. Your videos motivate me and give me new ideas!

Why is he making out with the mic??😂 He's kissing it so hard that Mic is moving, he should get a better mic if he has to get that close. Basically tongue kissing it 😂

THE ANSWER IS COMPOUND INTEREST

"What is my goal?" Most of us enter the market with a clear goal, but the market's products are as intoxicating as supplies in a bar. You start out needing to quench your thirst, and end up betting on wrestling somebody in the bar. Choosing the right drink takes maturity and clarity of purpose.

Nice interview in Barron's. And what you're saying is please reconsider B4 buying an old investing book online.

I’d say most are throwing into their 401K having their money stolen and don’t even know it…

Ronald Reagan decreased the tax rate on the ultra rich from 90% to below 30%. The middle class has been fading away ever since. Vote Democratic if you’re working class.

Munger said he never once say Buffet use a DCF analysis. It is possible that Buffet uses the DCF analysis as a rough guide which he can do in his head just by looking at the PE, the net income, and other factors. I am not sure. But I want to know.

Interesting staff

Zimbabwe sanctions by the West are responsible for the failure

Don't hide behind the microphone.

Behavior starts at home & should be taught by the parents. My Mother had us on a schedule that taught us responsibility, time management & cleaning techniques. Diffidently had everything to do with my success! Laying a strong foundation .

Talk about distortions. Buffet has said many times he can't do what he did in the 70s because he has way too much money . This escapee from a tool box has distorted so much in this interview.

A wanbee Graham, To say Buffer's largest dollar gain is proof of anything is stupidity . Of .course his largest gain will be Apple if he has Billions in it . Buffet made huge % gains on large caps.

We need to reduce pollution with population reduction gradually — small families

I don’t think the host understands what the author was trying to tell him with the imbalance. The middle class, started using debt to purchase items. I mean it was a genius move, I mean as a human I fell their is always someone who manipulate the way society is moving, either knowingly or not, but if the banks and big company Fortune 500 CEOs enacted a strategy to promote the middle class to use debt to keep up with the Jones, I mean being in debt became a thing became ok, it was brilliant, to keep the consumer behind the cue. Brilliant 😂

Yo these comments are crazy😂😂😂 I mean really. Every other comment someone is saying something like, “ man I see a lot losing money in the market, I JUST saved up 150k, this video will really help me” LOLE what are you talking about, I JUST saved up 150k. Bro you didn’t save anything, who just saves 150k, the second I saved 5k, my pops was like this is what you do now, go get yourself some Bonds, or CDs, or whatever, and then portfolio journey begins. You don’t just save 150k that’s just not real, who does or says these things. I guess this is what a bot is cause no human behaves this way. Poof you saved 150k, no way 😂😂😂😂 the comments are funny

This dude is prime writer, he feels the need he has to explain everything he talks about, 3-4 different ways, I love it 😂😂😂😂

I wanna add, I practice and back test and run my strategy over and over, go over my data, but I enjoy doing this. I do not move my capital lightly, I take all emotion out of my strategy or I would be all over the place, if I worked with my emotions I would be homeless, I do not have it in me to see loses or not pull profit, I’m not capable of it 😂, so I let my risk management handle that. I also keep my long term security away from my passion and love for trading, I do the buffet strategy for my security, I make sure it’s consistent.

I met Buffet twice, even had a water with him. One thing he told me is the best asset we have is time. He actually told my young nephew. I think buffet loves what he does, what he does is retiring to Florida, or those memories others have and consider their fun, or entertainment he does what he does 😂. Also Bens philosophy that buffet always says is the best way to invest moats and all that value investing, is great for buffets profits, he wants retail investors all investors to buy into his BERK, and hold, it’s his bottom line so of course he will continue to tell investors to invest and hold with the thought that since he is saying this they will buy and hold his shares, 😂 it’s a great strategy. The little old man who seems so friendly and he uses that I would too 😂

I bet these guys are promoted/Sponsored by Vanguard Lol

Investing is a psychological game which is a tough task. Since 2020 we have seen massive swings.

Secretary is a humble profession to you? Have you ever worked as an EA to top tier Fortune 500 company CEO? Oh right, it's too 'humble'. Don't even mention with janitor then. But I get it. Still, with that level of enthusiasism, sometimes words can be taken out of context.

I disagree witb 70% of what he said. But the 30% i strongly agree

I don't think I'd want Buffets life, live in same house for 50years, eat the same stupid sandwich from Mcdonalds each morning for breakfast.. Good on him that he's been investing since birth, but when I wake up in morning, I don't think, WOW I want that guys life

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