50 Truths

This week’s article is titled 50 Unfortunate Truths About Investing .

It is a concise list of insights for investors. However, it is also a great source of advice for new investors (which is, of course, not the same as investment advice).

This article is hard to summarize because it is already very concise. However, if I were to distill it to a few words:

Great, easily digestible ideas to keep in the back of one’s mind.

Some of these are good mental models of the financial world. Some are good mental models in general.

Target audience

Are you planning to start investing, or have been investing, but don’t have much experience? Great, keep some of these ideas in mind.

Do you know someone who emptied their credit card to invest in cryptocurrencies? Has a family member been talking about a YouTube video on the head-and-shoulders pattern? Send this list to them!

Do you feel like your trades are well-informed? Do news and expert advice strongly influence your actions? You might want to skim the list.


Alright, alright, if you’re still not convinced, then here are some hints on how to parse this.

If you are a novice to investing, pay extra attention to 3, 5, 9, 10, 11, 14, 22, 24, 26, 31, 32, 33, 34, 35, 49, 50.

Are you looking for mentorship? Have you found a great online course on investing? Have you ever been advised about resistance levels? You must check out points 4, 6, 7, 12, 17, 23, 27, 30.

Finally, if you catch yourself obsessively following the news to get a feel for the market, check out 8, 15, 21, 28.

About the author

It’s by Morgan Housel. If you’re into finance, then check out some of his articles. He writes really well, and usually has good insights.

Bonus content