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Cover of The Psychology of Money

From the bookshelf / Saved passages

The Psychology of Money

Morgan Housel

Collected in 2023 Reading List

“People tend to want wealth to signal to others that they should be liked and admired. But in reality those other people often bypass admiring you, not because they don’t think wealth is admirable, but because they use your wealth as a benchmark for their own desire to be liked and admired. If respect and admiration are your goal, be careful how you seek it. Humility, kindness, and empathy will bring you more respect than horsepower ever will.”