Technology does not drive change. It is our collective response to the options and opportunities presented by technology that drives change. - Morgan Housel

To make money they didn’t have and didn’t need, they risked what they did have and did need. And that’s foolish. It is just plain foolish. If you risk something that is important to you for something that is unimportant to you, it just does not make any sense.

Another is that pessimists often extrapolate present trends without accounting for how markets adapt.

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