Book Reviews
Thomas J. Stanley, William D. Danko – The Millionaire Next Door – Review
The Millionaire Next Door is a 1996 study of how ordinary Americans became millionaires, and its answer is boring on purpose: they earned a decent…
Tag: psychology
39 posts tagged psychology, newest first.
39 posts · page 1 of 7
Blog
Dollar cost averaging vs lump sum: What 38 years of S&P 500 data show
Dollar cost averaging means investing a sum in equal parts over several months instead of all at once. I tested both on the S&P 500 with dividends…
Book Reviews
George S. Clason – The Richest Man in Babylon – Review
The Richest Man in Babylon is a book of short money parables set in ancient Babylon, and its whole message fits in one sentence: keep at least a…
Blog
Buy the dip: What 38 years of S&P 500 data say
Buying the dip means keeping cash aside and investing it when the market falls. I tested it on the S&P 500 with dividends since 1989: $500 a month…
Book Reviews
Benjamin Graham – The Intelligent Investor – Review
The Intelligent Investor is the book that turned Warren Buffett away from charts. I read it as someone who still uses them, and I’d still put it on…
Blog
How do prop firms make money? A coin-flipper’s $50K challenge
Prop firms make most of their money from challenge fees, not from trading. At Topstep, even the funded account you earn by passing is simulated – the…