Medicine is a complex profession and the interactions between physicians and patients are also complex.” You know what profession is the same? Financ… - Morgan Housel

The trick when dealing with failure is arranging your financial life in a way that a bad investment here and a missed financial goal there won’t wipe you out so you can keep playing until the odds fall in your favor. But more important is that as much as we recognize the role of luck in success, the role of risk means we should forgive ourselves and leave room for understanding when judging failures.

Today’s economy is good at generating three things: wealth, the ability to show off wealth, and great envy for other people’s wealth.

Great books are wine,” Twain said, “but my books are water. But everybody drinks water.