Sunday, 12 April 2015

61 One-Sentence Rules That Will Make You Better With Money

There are 56,956 personal finance books on Amazon.com. In aggregate, they contain more than 3 billion words.

This seems absurd, because 99% of personal finance can be summarized in nine words: Work a lot, spend a little, invest the difference. Master that, and the other 2.999 billion words are filler.

The most important finance topics don't require details. Most can be, and should be, summarized in a sentence or two.

Here are some I've learned.

Quote for the day

“You've got to look at good traders historically. If a trader can on average annually deliver two to three times their worst drawdown, then that's a very good track record, and I'd say that that's what I try to do.” - Paul Tudor Jones