Progress happens too slowly to notice, but setbacks happen too quickly to ignore. There are lots of overnight tragedies. There are rarely overnight m… - Morgan Housel

progress happens too slowly to notice, but setbacks happen too quickly to ignore.

Simplicity is the hallmark of truth — we should know better, but complexity continues to have a morbid attraction. When you give an academic audience a lecture that is crystal clear from alpha to omega, your audience feels cheated. . . . The sore truth is that complexity sells better.

most great things in life — from love to careers to investing — gain their value from two things: patience and scarcity. Patience to let something grow, and scarcity to admire what it grows into.

When thinking about room for error in a forecast it is tempting to think that potential outcomes range from you being just right enough to you being very, very right.