← The IndexWealth

Morgan Housel

Author, The Psychology of Money

“Getting money requires taking risks and being optimistic. Keeping it requires the opposite: humility, frugality, and a margin of safety.”

The one idea

Leave room for error.

Ideas in the Tracker

Room for error

Getting wealthy and staying wealthy are different skills. Margin of safety lets compounding work.

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Wealth
Warren Buffett

Warren Buffett

CEO, Berkshire Hathaway

“Stay inside your circle of competence.”

The one idea→
Health
Nassim Taleb

Nassim Taleb

Author, Antifragile

“Some things gain from disorder.”

The one idea→
Wisdom
Yvon Chouinard

Yvon Chouinard

Founder, Patagonia

“Know what enough is.”

The one idea→
Wealth
Naval Ravikant

Naval Ravikant

Founder, AngelList

“Build specific knowledge and leverage.”

The one idea→
Wealth
Steve Jobs

Steve Jobs

Co-founder, Apple

“Focus means saying no.”

The one idea→
Wealth
Jeff Bezos

Jeff Bezos

Founder, Amazon

“Minimize regret; it is always Day 1.”

The one idea→