Part 6/9:
True wealth is often invisible, manifested in savings and investments rather than luxury purchases. The author Morgan Housel asserts that wealth is what you don’t see—security, peace of mind, and future financial stability are foundational elements that are often overlooked in favor of immediate gratification.
5. Focusing on Exceptions Rather Than the Rule
The allure of quick financial success stories—like getting rich from trading stocks—can distort your understanding of what typically happens in the financial realm. Vincent describes the hype surrounding ephemeral trends such as cryptocurrency, where narratives of overnight success drown out the stories of those who lose everything.