Paranin Psikolojisi - Morgan Housel Access

For seven years, he ran a hedge fund in Singapore. His returns were immaculate: 18% annually, volatility low enough to put a baby to sleep. He read Morgan Housel’s The Psychology of Money twice a year, underlining the same sentence each time: “The hardest financial skill is getting the goalpost to stop moving.”

And yet.

His remaining investors didn't panic. They just left. Quietly. Like guests at a party that ended early. Paranin Psikolojisi - Morgan Housel

Then the crash came. Not a 2008 crash. A small, stupid crash. A single regulatory tweet about Brazilian fintech. His leveraged position detonated. The margin call arrived at 2 a.m. For seven years, he ran a hedge fund in Singapore