Are investors better off being Pessimists or Optimists? Take a look at a few of the points highlighted by Morgan Housel in his recently released book, The Psychology of Money: Timeless lessons on wealth, greed, and happiness.

1. WWW.INSPIREDMONEY.COM.AU
Should investors
be optimists or
pessimists?
28th Sept. 2020

2. ACCORDING TO MORGAN HOUSEL,
WHO IS A PARTNER AT
COLLABORATIVE FUND, THE
ANSWER IS...
BOTH
Inspired Money 28th Sept. 2020

3. YOUR DAILY FINANCES
SHOULD BE MANAGED
CONSERVATIVELY, EVEN
PESSIMISTICALLY
DON’T BORROW TOO MUCH
PREPARE FOR THE
POSSIBILITY OF NO SALARY
FOR SIX TO 12 MONTHS
IN HIS RECENTLY RELEASED BOOK,
THE PSYCHOLOGY OF MONEY:
TIMELESS LESSONS ON WEALTH,
GREED, AND HAPPINESS, HOUSEL
EXPLAINS WHY:
Inspired Money 28th Sept. 2020

4. Inspired Money 28th Sept. 2020

5. HOUSEL GOES ON TO SAY...
"As an investor,
you are betting
on the
ingenuity of
the human
mind and
spirit".
Inspired Money 28th Sept. 2020

6. TAKE THIS AS AN EXAMPLE...
The aeroplane,
which is arguably
the most important
invention of the
20th century.
But self-powered flight was mostly
ignored after the Wright brothers
flew their contraption at Kitty Hawk.
It took many years before anyone
truly recognised the economic
impact of air travel, and on military
applications, shipping, and so on.
Inspired Money 28th Sept. 2020

7. The same was true
for most
inventions, even
the car and
computer...
Inspired Money 28th Sept. 2020

8. SOMETHING TO THINK ABOUT
“What has been
invented over the
past decade that
the investors today
may be ignoring?”
Inspired Money 28th Sept. 2020

9. www.inspiredmoney.com.au