This chapter delves into the process of innovation, highlighting how groundbreaking inventions often stem from combining smaller ideas over time. It discusses historical examples like Amazon and the light bulb, emphasizing the importance of building on existing technology. The chapter also explores how society progresses from initial dismissal to full adoption of new technologies, touching on the delayed recognition of innovations and the challenges hidden behind external 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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