Психология денег. Уроки богатства, жадности и счастья | Морган Хаузел

Book 128 Psychology of Money by Morgan Housel Chapter 1 There Are No Crazy People Different generations raised in different families with different incomes and values acquire very different experiences in understanding how to handle money. What seems inadequate to you seems quite logical to me. The whole point is that we have lived different lives and

formed different experiences that each of us will find self-convincing, and people with the same intelligence can look differently at where to invest money and the extent to which it is permissible to take risks. If you yourself have not experienced a crisis or bankruptcy, then it is impossible to understand them to such an extent

that it will affect your behavior. Therefore, some lessons cannot be learned until you experience them yourself. Economists have discovered that people make investment decisions that can change their entire lives based only on the experience of their generation, and gained mainly in their youth. If inflation was high during adolescence, in adulthood, all people are unlikely to

invest money in bonds. Neither intelligence nor education play a role; everything is decided by the period of time in which you happened to be born. Or, for example, by According to statistics, lottery tickets are mostly bought by families with the lowest incomes, and on average they spend $400 a year instead of saving it for

emergencies. They won’t be able to scrape together those $400. This may seem reckless to you. But if you look at it from the perspective of low-income people, it will seem that they are doing it right. Because they live paycheck to paycheck, they have no prospect of promotion, they cannot save up for a new car or go on