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 … - Morgan Housel

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.

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.

The biggest risk and the most important news story of the next ten years will be something
nobody is talking about today