Morgan Housel emphasizes that financial success is more about behavior than intelligence. He illustrates this with the contrasting stories of a tech executive who went broke due to poor financial behavior and Ronald Read, a janitor who amassed over $8 million through disciplined saving and investing. Housel states, 'The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave.' This underscores the importance of consistent, prudent behavior over making brilliant financial moves. | Morgan Housel | The Psychology of Money

Fortify Your Knowledge, Brighten Your Journey.

Finance

Behavior Over Intelligence

Morgan Housel emphasizes that financial success is more about behavior than intelligence. He illustrates this with the contrasting stories of a tech executive who went broke due to poor financial behavior and Ronald Read, a janitor who amassed over $8 million through disciplined saving and investing. Housel states, 'The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave.' This underscores the importance of consistent, prudent behavior over making brilliant financial moves.

-- Morgan Housel