The stoic path to wealth: ancient wisdom for enduring prosperity

Book Cover
Average Rating
Publisher
Portfolio/Penguin
Publication Date
[2024]
Language
English

Description

“Darius has a unique ability to turn complex ideas into simple stories.” — Morgan Housel, #1 NYT bestselling author of The Psychology of MoneyFrom investor and popular newsletter writer with 100k+ subscribers, Darius Foroux, comes an approach to building wealth that applies ancient wisdom to the chaos of modern-day markets.The Stoics understood that if you can control your reactions and manage your emotions, you can achieve success. The same principles apply to our financial lives today. The greatest investors approach the markets with discipline, emotional distance, and self-mastery—lessons that the Stoics have been teaching us for thousands of years.Combining ancient wisdom with practical investment strategies drawn from analysis of the greatest investors of all time, The Stoic Path to Wealth will teach you how to: 
  • cultivate an investing edge by managing your emotions and developing your unique skills and talents
  • develop the discipline to ignore short-term market fluctuations and avoid living in the future
  • foster a mindset that allows you to enjoy what you have and avoid greed
  • create a sustainable approach to trading
As financial markets become increasingly unpredictable and chaotic, The Stoic Path to Wealth offers the key to weathering any economic storm while building wealth that will last a lifetime and beyond.

More Details

ISBN
9780593544150
9780593852255

Table of Contents

From the Book

Introduction: why stoicism helps build wealth
My pursuit of enduring prosperity
Build wealth by applying ancient wisdom
How to build a stoic edge in 3 steps
Principle one: invest in yourself
Valuable skills are better than money
The hidden principles of the market
Consistency pays off: investing is a habit
Principle two: accept loss
Get comfortable with short-term losses
Avoid losing all your money
Greed is not good
Principle three: compound your money
Let your money do the work
Trust your judgement
Stick to your investing strategy
Stoic investing techniques
How to start investing in stocks
Retire like a stoic
The 90/10 rule of speculation
Conclusion: be like granite.

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