The chapter explores the impact of artificial constraints on innovation, the paradox between quick catastrophes and gradual transformations, and the unnoticed long-term effects of certain behaviors. It discusses how slow compounding effects, like advances in climate mastery and reductions in climate-related deaths, can lead to significant positive changes over time. Through examples from history and current events, it investigates the dynamics between rapid negative events and slow, positive shifts that often go unnoticed.
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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