📘 I highly recommend Morgan Housel's' Wealth Mindset '—— My first impression of reading this book is: I feel that many places are highly compatible with my investment logic. I regret not seeing them earlier. If I had seen them earlier, I might have avoided ten years of detours, Because I have encountered many mentality and pitfalls inside, but the cost of returning to the right path in the end is even greater! one ️⃣ Why do I recommend it? Almost all of my friends and I have recommended 'Getting Rich Mentality' because in my opinion, it should not be a problem as the best must read book for investment and financial management. It is not one of them, but the best one, After reading it, I didn't hesitate to put it in the required reading list that I would definitely introduce to my child in the future; I think even for ordinary people, if they only read one investment and finance book, it must be this book. If they can understand and comprehend this book, achieving financial freedom is just a matter of time; Unlike most financial books that teach you how to choose stocks and arbitrage, this book focuses on how each of us can get along with money and become wealthy with a healthy mindset. It's more like a financial book from the Naval Encyclopedia: it's not chicken soup, but the details that determine whether you can be free or not. The key is that this book is very comfortable to read. I feel that Morgan Housel's biggest characteristic is to use plain language to explain profound truths, so we cannot see complex models and formulas, but rather our deep inner behaviors, desires, and fears; Especially in the past few days, after listening to Zhang Xiuxiu's in-depth understanding of his podcast and recent interviews with some authors on the YouTube channel, I still feel shocked again: two ️⃣ The point is here, you may ask me what this book is about—— In fact, this book is different from traditional financial books. It does not teach you how to buy stocks or engage in arbitrage, but through the stories and thoughts of some authors, teaches you how to get along with money and how to become rich without anxiety. From this perspective, this book is actually somewhat similar to my daily tweets. It may seem useless, and many people even say it's chicken soup, but little do they know that the truly useful things are hidden in these seemingly painless places. Alright, back to the point, this book is actually telling us: Successful investment is not a matter of intelligence, but a matter of personality. We need to 'deliberately practice' our character. What truly makes people rich is not intelligence, but a mindset of restraint, patience, and long-term thinking. There are many core viewpoints that are suitable for us to read with our hearts. Below are a few points that I will try to extract that have the greatest impact on me: 1. Money is not a logical issue, but a psychological one—— This is also a truth I have come to realize after seeing countless investment cases in the past decade and standing up again after two failures: Investing in this thing really depends on personality, not intelligence; Many people fail in their investments not because they are not smart, but because they are greedy, fearful, unable to tolerate volatility, and prone to following trends. The success of money is more like an endurance race than a sprint; 2. Time is the magic of compound interest—— He used Buffett as an example: Most of Buffett's wealth only truly exploded after he turned 60, relying not on "divine manipulation," but on decades of persistent compound interest. The greatest power of investment is not the annual rate of return, but the duration. The true magic of compound interest is not an annualized 20%, but a long-term inactivity; Understanding this sentence is worth millions of gold! 3. Wealth ≠ showing off—— True wealth is something you cannot see. That flashy luxury car was spent by someone else; The savings, stable investments, and controllable lifestyle that you cannot see are the 'quiet wealth'. Wealth is the money you haven't spent, showing off is spending it to show others. 4. 'Sufficient' is more important than 'maximizing'—— Most people are not dissatisfied because they haven't made any money, but because they are always' unsatisfied '—— I want to earn more even after earning it. So we need to be clear that financial freedom is relative, not about comparing oneself to others. Comparing oneself to others will never lead to financial freedom. This book reminds us that finding the boundary of 'enough' is the key to happiness. Knowing when to stop is a long-term wealth protection strategy. 5. Uncertainty is the norm in the world of money—— I often say to everyone now: Do less trading, live more freely! Indeed, financial markets are always full of uncertainty, and seeking the perfect strategy for certainty will only make you anxious. What you need to do is find a method that suits your personality and rhythm, and then 'persist' for the long term. Summary—— Overall, this book is not as "tech savvy" as "The Intelligent Investor," but it provides the underlying operating system for investment and money: how to have a healthy, sustainable, and anxiety free mindset to get rich. For most people, this is more important than learning a few valuation formulas. And it is also suitable for anyone who feels anxious about money and freedom to read it - it teaches not about stock trading, but how to think about life. I know everyone is very anxious about WEB3, so I think you should really think carefully about the above issues and read this book even more! Once again, I recommend watching the YouTube content: Seven counterintuitive truths about "investing to get rich" that I have come to realize after watching "Getting Rich Mentality" ten times, are essential for making money in the stock market https://youtu.be/HNwDUsvD2kY?si=Xd7Ok6sG56jwaxLJ