The best financial plan is to save like a pessimist and invest like an optimist. - Morgan Housel

People don’t want accuracy. They want certainty.

Capitalism is hard. But part of the reason this happens is because getting money and keeping money are two different skills. Getting money requires taking risks, being optimistic, and putting yourself out there. But keeping money requires the opposite of taking risk. It requires humility, and fear that what you’ve made can be taken away from you just as fast. It requires frugality and an acceptance that at least some of what you’ve made is attributable to luck, so past success can’t be relied upon to repeat indefinitely.

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