Investing Psychology Chapter 8: Debunking the Money Myths
We’re nearing the end of Tim Richards’ “Investing Psychology.” In Chapter 8, he tackles the myths that keep us trapped in bad financial habits.
Inflation
Free to Choose Chapter 9: The Cure for Inflation
Take a five-dollar bill out of your wallet. Now cut a rectangle of the same size from a glossy magazine. Both are pieces of paper. Both have pictures and numbers on them. One can buy you lunch. The other is garbage. Why? That question – why green paper has value – is where the Friedmans begin their chapter on inflation. And the answer is stranger than you might think.
Investing Psychology Chapter 8: 10 Money Myths That Are Costing You
Chapter 8 of Investing Psychology is where Tim Richards takes everything from the book and turns it into a myth-busting session. Ten myths. All of them things most people believe. All of them wrong. Or at least, way more complicated than we think.