1. Most things are harder in practice than they are in theory.
2. Rather than use your strategy on other’s game plan, figure out your game and play it.
3. Recent history is often the best guide for the future.
4. If something has a 95% chance of being right then it means you will most certainly faced a 5% chance of it being wrong.
5. There is never a moment when you are so right that you can hit every cheap in front of you.
6. History is littered with bad ideas taking too far which become indistinguishable with bad ideas.
7. Always create a safety margin, leave room for error.
8. Figure out the gap between what you can technically endure and emotionally endure, trust me there’s a difference.
9. The odds are in your favour when you’re playing Russian roulette however the downside is so dready that it outweighs the upside, keep this in mind when making any decision.
10. Everything that can break will eventually break.

Courtesy : Psychology of money by Morgan Housel.

This book is phenomenal for your finances, mental health and psychology. It’s not your average investing book but it hits the mark from a unique perspective.