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BEST: 91 One-Sentence Financial Rules from Morgan Housel

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April 06, 2014 – Comments (0)

5. Read more books and fewer articles.

11. Big risks will always be disregarded; small risks always blown out of proportion.

19. You have no obligation to have an opinion about anything. 

22. You shouldn't feel strongly about any investment you haven't spent at least a week thinking about.

28. Read last year's market predictions and you'll never again take this year's predictions seriously.

45. Annuities: A product mixing the complexity of high finance with the sales tactics of used-car salesman has an entirely predictable outcome.

50. Not taking advantage of an employer match on your 401(k) is no different than declining a raise.

52. To quote Larry Summers: "A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.

59. Most people need a financial advisor, but everyone needs a financial counselor, or someone to talk them off the ledge before making a dumb decision.

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