Six Life Lessons That Also Apply to Investing

Beyond returns, a good investing experience depends on how you feel on the journey — just like in life.

A woman uses her smartphone, a city's silhouette in the background.
(Image credit: Getty Images)

No matter how familiar you are with investing, you’ve navigated uncertainty, weighed risks and rewards and made carefully considered tradeoff decisions. You’ve tackled the central challenges of life — which also happen to be the central challenges of investing.

Having a good investment experience is about more than returns. It’s about how we feel along the journey. Investing should help us live better, more fulfilling lives. By integrating our life and investment philosophies, we can see money as a tool that empowers our plans rather than as a goal in and of itself. Here are six principles that can help us in life and investing.

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David Booth
Chairman and Founder, Dimensional Fund Advisors

David Booth is Chairman of Dimensional Fund Advisors, a firm he founded in 1981. Under David’s leadership, Dimensional has grown from a fledgling business operating out of the spare room of his Brooklyn brownstone apartment to a global investment manager with more than 1,600 employees and $618 billion in assets under management (as of Sept. 30, 2023). David led Dimensional as CEO and later Co-CEO until 2017, when he stepped back from the daily management of the firm. He remains closely involved in strategic initiatives at Dimensional.