A plan is only useful if it can survive reality. And a future filled with unknowns is everyone’s reality. - Morgan Housel

A plan is only useful if it can survive reality.

All of us,” he said, “are walking around with an illusion — an illusion that history, our personal history, has just come to an end, that we have just recently become the people that we were always meant to be and will be for the rest of our lives.” We tend to never learn this lesson.

You might think you want an expensive car, a fancy watch, and a huge house. But I’m telling you, you don’t. What you want is respect and admiration from other people, and you think having expensive stuff will bring it. It almost never does — especially from the people you want to respect and admire you.

If you give luck and risk their proper respect, you realize that when judging people’s financial success — both your own and others’ — it’s never as good or as bad as it seems.