# Wealth, loser's game, and uncertainty


## https://www.empirical.net/wp-content/uploads/2012/06/the_losers_game.pdf

⏎## https://scholar.harvard.edu/files/danielgilbert/files/if-money-doesnt-make-you-happy.nov-12-20101.pdf
⏎
buy experiences
help others instead of yourself - earning (in capitalism) is asymmetric with spending?!
trend-following with experiences is better than predicting mentally
⏎
a quote - adaptation is little bit like death
⏎
## https://www.planetayurveda.com/traditional-books/the-psychology-of-money-by-morgan-housel.pdf

⏎
⏎
## [Geometry - to shape a life of wealth and meaning](https://www.amazon.co.uk/gp/product/0857196715/ref=ox_sc_saved_title_2?smid=A3AXTBIO0H5DID&psc=1&asin=0857196715&revisionId=&format=4&depth=1)
⏎
[adaptive simplicity - investor's paradox](https://static1.squarespace.com/static/56d2723560b5e9ac212f4318/t/5d770a11837e373cdfecd621/1568082450180/Investors+Paradox.pdf)
⏎
"good enough is just perfect sometimes" - satisficing (H. Simon, R. Sutherland)
⏎
- https://medium.com/@westofthesun/wealth-made-simple-72ed61fb2632
⏎
**4 C's - eudaimonia — human flourishing**
Connection
Control
Competence
Context
⏎
Winning the Loser’s Game, in which he argues **regret and mistake minimization are key**:
⏎
Protect — always think about risk first, seeking to avoid mistakes if possible, and to mitigate the consequences of those that inevitably occur
Match — keep your personal balance sheet, target individual financial goals (terminal and flow), match risk to time horizons
Reach — aspire for more, give back to others, fund hobbies and adventures⏎
⏎
# Parents

* Financial Education