Housel Does it Again – The Best Writer in Personal Finance
We love Morgan Housel’s writing. Just last month we shared one of his gems and we’re back again with more because we love how he thinks and writes, plain and simple.
In Housel’s excellent post, “Getting Rich vs. Staying Rich,” he compares the real-life experiences of two wealthy investors during and after the crash of 1929. One immediately lost everything. The other shorted the market and immediately became the equivalent of a billionaire. What do they have in common? Hint: It’s got something to do with what can happen to stock speculators in a New York minute. Click here to get the full story!