Words to Remember

The Fewer The Mistakes, The Bigger The Fortune 🧠

Morgan Housel quote: Doing well with money has a little to do with how smart you are and a lot to do with how you behave.

Doing well with money has a little to do with how smart you are and a lot to do with how you behave.

Morgan Housel, The Psychology of Money (2020)

Why we ran it

Big Tech's report cards showed the AI money spigot wide open while Wall Street got pickier about how it was spent, and consumer confidence had just hit a decade low even as the hard data held up. Housel's point is that the investors who do well in that mix are the ones who behave, not the ones who out-think it.

From the January 30, 2026 issue: Big Tech Report Cards Are In →

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