I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as … - Morgan Housel

Whenever we are surprised by something, even if we admit that we made a mistake, we say, ‘Oh I’ll never make that mistake again.’ But, in fact, what you should learn when you make a mistake because you did not anticipate something is that the world is difficult to anticipate. That’s the correct lesson to learn from surprises: that the world is surprising. The correct lesson to learn from surprises is that the world is surprising.

America of the 1920s had the same real per-capita GDP as Turkmenistan does today.

Disagreement has less to do with what people know and more to do with what they’ve experienced. And since experiences will always be different, disagreement will be constant.