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Morgan Housel's book Same as Ever explores the timeless aspects of human behavior. Understanding these constants can help us navigate life with great resilience.
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"Predicting the world in 50 years is impossible. But predicting that people will respond to greed, fear, risk, and uncertainty the same way is a safe bet."
"The biggest risk and most important news story of the next decade will be something nobody is talking about today. That will always be true."
"The first rule of a happy life is low expectations. "An iron law of the world is that the gap between expectations and reality determines happiness."
"Stories are always more powerful than statistics. People are more easily moved by a compelling narrative than by raw data, even when the data tells a more accurate story."
"Great researchers, inventors, and writers value long walks or solitude in nature. These free periods, even if inefficient, allow magic to happen."
"Most things worth pursuing charge a fee in stress, uncertainty, bureaucracy, long hours, and doubt. That’s the overhead cost of getting ahead."
"Long-term thinking is easier to believe in than to accomplish. The odds of success rise when you mix a long time horizon with a flexible end date."
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