Delving into the concept of enduring pain and discomfort for valuable goals, this chapter emphasizes the necessity of accepting and managing the costs associated with different endeavors. Through examples of famous figures like Musk, Gates, and athletes like Michael Jordan, it stresses the importance of understanding and paying the price for achieving long-term success.
Morgan Housel is a partner at The Collaborative Fund, an investor and an author.
The world continues to change, but the hairless apes that inhabit it stay the same. So there must be some laws of human psychology which remain true, no matter what time and place you're in, and today we get to go through some of the most fascinating ones.
Expect to learn what reasonable optimism looks like, the difference between overnight tragedies and long term miracles, what we can learn by the divorces of the richest men on the planet, how people become victims of perfection, why most competitive advantages eventually die and much more...
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