
“Evolution forged the entirety of sentient life on this planet using only one tool, the mistake.”
―
―

“The sum total of money in the world is about $60 trillion, yet the sum total of coins and banknotes is less than $6 trillion.7 More than 90 per cent of all money â€� more than $50 trillion appearing in our accounts â€� exists only on computer servers. Accordingly, most business transactions are executed by moving electronic data from one computer file to another, without any exchange of physical cash. Only a criminal buys a house, for example, by handing over a suitcase full of banknotes. As long as people are willing to trade”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind

“Negative thoughts compound: The more you think of yourself as worthless, stupid, or ugly, the more you condition yourself to interpret life that way. You get trapped in a thought loop. The same is true for how you think about others. Once you fall into the habit of seeing people as angry, unjust, or selfish, you see those kinds of people everywhere.”
― Atomic Habits
― Atomic Habits

“But good investing isn’t necessarily about earning the highest returns, because the highest returns tend to be one-off hits that can’t be repeated. It’s about earning pretty good returns that you can stick with and which can be repeated for the longest period of time. That’s when compounding runs wild.”
― The Psychology of Money
― The Psychology of Money

“Studying history makes you feel like you understand something. But until you’ve lived through it and personally felt its consequences, you may not understand it enough to change your behavior.”
― The Psychology of Money
― The Psychology of Money
Jakub’s 2024 Year in Books
Take a look at Jakub’s Year in Books, including some fun facts about their reading.
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