📚 The Psychology of Money(Ch 3): Never Enough
The Psychology of Money Ch3. Never Enough "There is no reason to risk what you have and need for what you don't have and don't need." Chapter 3 of The Psychology of Money , titled “Never Enough,” explores how the inability to recognize a sense of enough can lead even the most successful people to ruin. Author Morgan Housel opens the chapter with real-life examples of individuals who took their pursuit of wealth to dangerous extremes: Rajat Gupta and Bernie Madoff. Rajat Gupta, once a board member at Goldman Sachs and a highly respected businessman, ended up in prison for insider trading. Bernie Madoff, once a prominent financier, was the mastermind behind the largest Ponzi scheme in history—worth an estimated $65 billion. Despite their achievements, both men risked everything by pushing beyond what they already had, ultimately facing disastrous consequences. Housel uses these stories to highlight a key psychological insight: when we lack a clear sense of what is ...