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Anurag Patel

Calm mind. Precise h... • 12h

Doing well with money has little to do with how smart you are and a lot to do with how you behave. And behavior is hard to teach • Financial outcomes are driven by luck, independent of intelligence and effort. • Financial success is not hard science. It’s a soft skill, where how you behave is more important than what you know. • To grasp why people bury themselves in debt you don’t need to study interest rates; you need to study the history of greed, insecurity, and optimism. To get why investors sell out at the bottom of a bear market you don’t need to study the math of expected future returns; you need to think about the agony of looking at your family and wondering if your investments are imperiling their future. Luck & Risk Nothing is as good or bad as it seems. Luck and risk are both the reality that every outcome in life is guided by forces other than individual effort. They are so similar that you can’t believe in one without equally respecting the other.

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