<북소개> 돈 버는 것은 당신의 능력과는 전혀 상관 없다.

 

<돈의 심리학> 저자가 뽑은 Top 5 인용문 (원문 포함)

당신은 왜 부자가 되지 못했는가

돈의 심리학

 

모건 하우절과의 인터뷰 (인터뷰 당시 (2021년 6월 4일) 5백만 부 판매 완료.)

 

원래 25,000 부 파는 것이 목표.

100,000 부가 희망사항였다고 한다.

 

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저자가 뽑은 Top 5 Quotes 인용문

 

1. "돈을 잘 다루는 것은 당신이 무엇을 아는지와 상관없다. 당신이 어느 학교를 다녔는지, 얼마나 똑똑한지와 상관 없다. 당신이 어떻게 행동하느냐에 따른 것이다."

"Doing well with money is not about what you know,

it's not about where you went to school or

how smart you are,

it's how you behave."

 

당신이 얼마나 똑똑한지와 상관이 없다.

인맥, 배경지식, 지식 없어도 성공적인 투자자가 될 수 있다. 당신의 행동양식에 달려있는 것이다.

 

전혀 의사공부를 하지 않은 사람이 심장수술을 할 수 있다는 말처럼 들리겠지만,

학교에서는 지식을 좋은 아빠 좋은 남편이 어떻게 되어야 할지 말해줄 수는 있어도, 실제로 좋은 남편이 되게는 하지 못하는 것과 같다.

그것은 스스로의 마음가지와 행동에 달려있기 때문이다.

 

What they end up teaching in school are the formulas, the data, because you can test for those. It's easy to create an exam that I can grade and test for those. But how do you grade for, do you have a good relationship with greed and fear? Because that's what's important in investing, but how do you test for that? It's a really hard thing to do. This is why there's also all these other important life skills that don't get taught in college. How do you become a good parent? A good spouse? Those are the most important life skills that exist, but you'll never see those in college because you can't teach and test for them, so you end up learning about chemistry and physics that you can test for. I think that's why it doesn't exist, but what are the schools of good investing that exist? One is experience. I think that's the only good one that exists. Others are various media platforms, whether it is The Motley Fool or something like Twitter. Both of those are examples where over time, just being surrounded by a community of like-minded people who are going through the same things that you are, asking the same questions that you are, have a different view of the world that you do, so they can add different input that you hadn't thought about before. Though, you combine that with experience and that's the school of investing. It is not a credentialed organization that you have to pay $70,000 a year for, but that's where you actually learn how to invest.

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2. 당신의 시간을 컨트롤 할 수 있는 것이 돈이 주는 최고의 배당금이다.

당신이 하고 싶은 것을 하고 싶은 때에, 함께 하고 싶은 사람과 할 수 있는 능력은 값을 매길 수 없다.

Controlling your time is

the highest dividend that money pays.

The ability to do what you want,

when you want,

with whom you want

is priceless.

돈의 가치는 무엇을 살 수 있음에 있다기보다 내가 원하는 생활 방식을 내가 콘트롤 할 수 있다는 데에 있다. 회사의 배당금은 이 가치를 시각적으로 볼 수 있게 해주지만, 설사 배당금이 없는 다양한 다른 부를 쌓는 활동들은 본질적으로 내 시간의 가치를 높이는 "배당금"이 있다 .

 

It was intentional, yes. Because look, if you own stock in Microsoft, they pay a dividend every quarter. Basically, what they're saying is Mr. Shareholder, Mrs. Shareholder, thank you for your service, here's some money for sticking around. I think wealth, even that doesn't pay a quarterly cash dividend like that, is doing the same thing. It's just invisible. If you have money saved up, the money that's giving you independence. It may not be actually writing you a check every quarter that it's deposited in your bank account, but having that wealth is it's giving you options. It's giving you options to do other things with your life, to take away worry from your life, to be able to sleep better at night, to give you options about where you want to live, who you want to work with, what you want to do. That, I think, is a realistic dividend. Having options and choices is a hidden dividend. It's not tangible most of the time. It's not your quarterly dividend check, but it's definitely there. If you spend some time thinking about what you really want out of life, what makes you happy, I think that dividend might be the highest dividend yield that you have in your portfolio, just giving yourself options and choices to do what you want in life.

 

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3. 모든 계획의 가장 중요한 부분은 그 계획을 그대로 실행하는 것이 아니라 당신의 계획에 대해 대비하는 것이다.

 

The most important part of every plan

is planning on your plan,

not going according to plan.

 

9/11 테러사건이나 코로나사태와 같이 경제적 위협은 전혀 예상하지 못한 곳으로부터 온다.

 

그 때를 대비하여 대비를 해야 한다.

 

Realizing that if you realize that you can't see all the risks that are in front of you, you need to prepare for risks that you're not even thinking about, that you can't even contemplate. Most of the time, when the economy is going well, the stock market is doing well, most people will say, "I don't want to hold cash because that's a burden on my growth. That's taking away from the growth that I would have." I think for most people, once they hit the once in a decade period where the world falls apart and surprises them, like last March let's say, they realize that actually the value of holding a reasonable, appropriate level of cash, that they were actually earning a higher "Return on that money" than they realized because when they needed it and they had the options that came from it, it was the most valuable asset that they had. If you fool yourself into thinking that you can see all the risks that are coming, you're never going to have enough room for error in your financial plan to deal with those surprises in life.

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4. 비관론자처럼 저축하고 낙관론자처럼 투자하라.

Save like a pessimist and invest like an optimist

예를 들어 마이크로소프트 창립자 빌 게이츠는 70년대에 모든 가정이 컴퓨터를 갖게 될 것이다"라는 낙관적인 비전을 갖고 회사를 시작했다. 한편, 회사가 12개월 넘게 아무 매출 없이도 운영될 수 있도록 항상 계좌에 충분한 여유자금이 있도록 했다고 한다.

 

단기적으로는 비관론, 장기적으로는 낙관론.

 

I would first say, crazy speculation has always existed in the stock market. You can go back to the 1800s and find stories of crazy, sometimes fraudulent speculation occurring that pushed up the value of a nearly worthless stock overnight. That stuff has existed literally for hundreds of years. If there is something that is different now, it's that I think the barriers to entry to crazy behavior have been diminished. There's two things that caused it. One was the removal of trading cost of trading commissions that occurred at almost every brokerage account in the last two years. By and large a great thing because it made it easier for small investors to invest without having a lot of friction in their way. That's a good thing. It also made it much easier for people who are trading and speculating and not investing in companies, but they're just trading to sit there and hit buy and sell on their phone all day long.

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5. 시장이 절대 하락하지 않는다면, 위험하지 않을 것이다. 위험하지 않다면 시장은 정말 비쌀것이다. 그리고 정말 비싸지면, 그들은 하락한다.

 

If markets never fell, they wouldn't be risky,

and if they weren't risky, they'd get really expensive,

and when they get really expensive, they fall.

결국 시장은 하락과 상승을 계속 한다는 것이다. 비싼 주식을 사서 그것이 떨어진다고 해도, 그 회사가 정말 장기적으로 성장할 것을 믿는다면, 그 성장과 하락을 하나의 자연스러운 과정으로 봐야 한다.

 

I use the word expensive, and that expensive does not preclude a great investment, if anything, it might be the indication that you're onto something and that a company is worth being valued that much. Maybe that word could be skewed differently, but to me, the big takeaway from this is realizing how normal and natural and inevitable big volatility is over the course of your career as a long-term investor.