Assuming that something ugly will stay ugly is an easy fore… - Morgan Housel

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Assuming that something ugly will stay ugly is an easy forecast to make. And it’s persuasive, because it doesn’t require imagining the world changing. But problems correct and people adapt. Threats incentivize solutions in equal magnitude. That’s a common plot of economic history that is too easily forgotten by pessimists who forecast in straight lines.

Morgan Housel

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Tony Robbins Robert Kiyosaki Tim Ferriss Naval Ravikant Charlie Munger

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This is true in personal finance, where you’re told to have a six-month emergency fund and save 10% of your salary.

The customer is always right” and “customers don’t know what they want” are both accepted business wisdom. The line between “inspiringly bold” and “foolishly reckless” can be a millimeter thick and only visible with hindsight.

During World War II an unnamed U.S. soldier was interviewed by a newspaper. Asked what he was thinking during combat, the soldier replied: “I was hoping to remember to stay afraid because that is the best way to stay alive and not make careless mistakes.

Assuming that something ugly will stay ugly is an easy forecast to make. And it’s persuasive, because it doesn’t require imagining the world changing… - Morgan Housel

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