Reddit reviews What I Learned Losing A Million Dollars
We found 2 Reddit comments about What I Learned Losing A Million Dollars. Here are the top ones, ranked by their Reddit score.
Reddit reviews What I Learned Losing A Million DollarsWe found 2 Reddit comments about What I Learned Losing A Million Dollars. Here are the top ones, ranked by their Reddit score.
Money is a tough one. Having it makes for a better life, but the point of diminishing returns happens sooner than most people think.
I'm reading a book now called What I Learned Losing a Million Dollars. A recurring theme when he talks about traders he knew is the high they all got from making money.
The other side of that was when they did end up in a losing position it killed them, sometimes literally. Chasing money for moneys sake is unhealthy.
If you have a reason for making money like "I want a comfortable life where I can pursue my hobbies and interests" then it's easier to see the money has a means to an end rather than an end in itself. I see that with my career oriented acquaintances.
Sometimes they talk about staying in just long enough to make their "fuck you" money^1 but the amount they think they need keeps changing as they get more and more of it.
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^1 The amount of money where you can say "fuck you" to anyone before* you hang up the phone. It's a different amount for everyone.
https://www.amazon.com/What-Learned-Losing-Million-Dollars-ebook/dp/B00MNMHBA0/ref=sr_1_1?s=books&ie=UTF8&qid=1480259304&sr=1-1&keywords=what+i+learned+losing+a+million+dollars
must read. This book had huge influence on me because it made me think only about the thing that is important - risk I am taking.