Predicting what the world will look like fifty years from now is impossible. But predicting that people will still respond to greed, fear, opportunit… - Morgan Housel

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

An important thing about this topic is that most great things in life — from love to careers to investing — gain their value from two things: patience and scarcity. Patience to let something grow, and scarcity to admire what it grows into. But what are two of the most common tactics when people pursue something great? Trying to make it faster and bigger. It’s always been a problem, and always will be. Same as ever.

progress happens too slowly to notice, but setbacks happen too quickly to ignore.