Bill Gates once said, “Success is a lousy teacher. It seduc… - Morgan Housel

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Bill Gates once said, “Success is a lousy teacher. It seduces smart people into thinking they can’t lose.

Morgan Housel

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Tony Robbins Robert Kiyosaki Tim Ferriss Naval Ravikant Charlie Munger

Additional quotes by Morgan Housel

Conservative is avoiding a certain level of risk. Margin of safety is raising the odds of success at a given level of risk by increasing your chances of survival. Its magic is that the higher your margin of safety, the smaller your edge needs to be to have a favorable outcome.

Nassim Taleb says, “Invest in preparedness, not in prediction.” That gets to the heart of it.

Nothing is as good or as bad as it seems.

Bill Gates once said, “Success is a lousy teacher. It seduces smart people into thinking they can’t lose. - Morgan Housel

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