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"Same as Ever: A Guide to What Never Changes" by Morgan Housel

The Next Big Idea Daily

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The Cycle of Greed and Fear, Stability, and Military Influence on Technological Development

This chapter explores the relationship between greed and fear in financial stability and how a lack of recessions can lead to the next recession. It also examines how market crashes are more likely to occur when people believe they are guaranteed not to happen.

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