The Psychology of Money 7: Freedom

The Psychology of Money 7: Freedom

Bank balances or stock portfolios don’t measure the highest form of wealth. It’s the rare, unquantifiable luxury of waking up every morning and confidently saying, “I can do whatever I want today.” This is freedom—the purest dividend money can ever pay. People often...
The Psychology of Money 6: Tails, You Win

The Psychology of Money 6: Tails, You Win

Heinz Berggruen’s journey is a testament to the extraordinary power of tails—the rare, outsized events that shape legacies and fortunes. A refugee from Nazi Germany in 1936, Berggruen resettled in the United States, studied literature at the University of California,...