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Timeless Wisdom from André Kostolany’s Notebook

#investing #psychology #kostolany
~3 min read by Christian Lehnert, 2017-05-16

Welcome back to the blog! Today, I want to take you on a thoughtful journey through André Kostolany’s book Mehr als Geld und Gier: Kostolanys Notizbuch (More than Money and Greed: Kostolany’s Notebook). If you’ve ever felt overwhelmed by the endless chatter about markets, wealth, and investment tips, Kostolany might just offer the clarity and perspective you need.

In this reflective post, we’ll delve into Kostolany’s distinctive take on money—not simply as a means to accumulate wealth, but as a window into human nature, psychology, and what truly matters beyond the balance sheet.

Money, Markets, and the Psychology of Greed

Kostolany wasn’t your typical investor or financial guru. What makes his writing stand out is his deep understanding that financial markets are as much about human emotions and herd mentality as they are about numbers and strategies. His notebook shines with insights into how fear and greed shape market cycles, often leading us to irrational decisions.

He challenges the reader to confront the uncomfortable idea that greed is not just an external force but a personal one—a temptation lurking in all of us. Yet, rather than condemning it, Kostolany explores it with a mix of skepticism and wry humor, encouraging us to recognize these emotions and not be enslaved by them.

Wealth Beyond the Ledger

More than anything, Kostolany pushes us to reconsider what we mean by "wealth." Is it purely the digits in a bank account? Or is it something richer—security, freedom, peace of mind, and the capacity to live fully? His notes invite reflection on the idea that money itself is a tool, not the destination.

In a world where short-term speculation and fear-driven trading dominate headlines and social feeds, Kostolany’s perspective feels refreshingly grounded. His reflections remind us that true wealth often comes from patience, understanding, and sometimes, simply stepping back to see the bigger picture.

He also nudges us to think about life beyond financial gain—valuing relationships, experiences, and the kind of success that can't be measured by the stock ticker.

Invitation to Reflect

As I closed Kostolany’s notebook, I found myself asking: How do I personally define wealth? Am I driven by the numbers, or do I treat money as a tool to enrich life in broader, intangible ways?

Reading Kostolany encourages more than passive consumption of financial advice—it sparks active reflection on our values and motivations. So, I’d love to invite you, dear reader, to consider this too. What does wealth mean to you? How do you see money working for you in your life?