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

The End of History Illusion is what psychologists call the tendency for people to be keenly aware of how much they’ve changed in the past, but to underestimate how much their personalities, desires, and goals are likely to change in the future.

Be careful who you praise and admire. Be careful who you look down upon and wish to avoid becoming.

To grasp why people bury themselves in debt, you don’t need to study interest rate: you need to sturdy the history of greed , insecurity and optimism.