When someone is viewed as more extraordinary than they are,… - Morgan Housel

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When someone is viewed as more extraordinary than they are, you're more likely to overvalue their opinion on things they have no special talent in. Like a successful hedge fund manager's political views, or a politician's investment advice.

Morgan Housel

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Tony Robbins Robert Kiyosaki Tim Ferriss Naval Ravikant Charlie Munger

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The first rule of a happy life is low expectations. If you have unrealistic expectations you’re going to be miserable your whole life. You want to have reasonable expectations and take life’s results, good and bad, as they happen with a certain amount of stoicism.

"As investor Michael Batnick says, "some lessons have to be experienced before they can be understood." We are all victims, in different ways, to that truth."

Your personal experiences with money make up maybe 0.00000001% of what’s happened in the world, but maybe 80% of how you think the world works.

When someone is viewed as more extraordinary than they are, you're more likely to overvalue their opinion on things they have no special talent in. L… - Morgan Housel

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