Sunday, November 12, 2023


 Every current event—big or small—has parents, grandparents, great-grandparents, siblings, and cousins.  Ignoring the family tree can muddy your understanding of events, giving a false impression of why things happened, how long they might last, and under what circumstances they might occur again.  Viewing events in isolation, without an appreciation of their long roots, helps explain everything from why forecasting is hard to why politics is nasty.

-Morgan Housel, Same as Ever: A Guide to What Never Changes

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