Friday, January 5, 2024

Checking in ...................................

 ............................with Morgan Housel:

Evolution is ruthless and unforgiving—it doesn't just teach by showing you what works but by destroying what doesn't.

Success has its own gravity. . . .being right instills confidence that you can't be wrong, which is a devastating characteristic in a world where outlier success has a target on its back.

Every industry and career is different, but there's universal value in accepting hassle when reality demands it.

the truth is, everything comes with overhead.  That's reality. Everything comes with pieces you don't like.

The most efficient calendar in the world—one where every minute is packed with productivity—comes at the expense of curious wandering and uninterrupted thinking, which eventually become the greatest contributors to success.

Not maximizing your potential is actually the sweet spot in the world where perfecting one skill compromises another.

The best financial plan is to save like a pessimist and invest like an optimist.

The trick in any field—from finance to careers to relationships—is to be able to survive the short-run problems so you can stick around long enough to enjoy the long term growth.

A pretty good lesson from history is that the long run is usually pretty good and the short run is usually pretty bad.  It takes effort to reconcile those two and learn how to manage them with what seem like conflicting skills.  Those who can't usually end up either bitter pessimists or bankrupt optimists.

-all are excerpts taken from Same as Ever: A Guide to What Never Changes

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