Same as Ever by Morgan Housel
Same as Ever – by Morgan Housel Stop trying to predict what will change. Understand what will never change. Housel believes the future is too unpredictable to forecast reliably. Technology, markets, businesses, politics and circumstances will keep changing. But human beings remain remarkably consistent. We continue to be driven by fear, greed, incentives, status, hope, jealousy, impatience, overconfidence and the need to belong. People will still want money. We will still seek status, we will still fear loss, we will still respond to incentives, we will still tell stories, we will still overreact to good and bad news. That is why Housel calls the book Same as Ever. Hanging by the thread. The past is a teacher, not a predictor. Experience offers wisdom, but it cannot script the future because every outcome is influenced by countless variables and many of them are new, random, and unforeseen. Learn from history, but don't expect it to repeat itself. Stay prepared to adapt when the w...