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Morgan Housel – The Psychology of Money (EP.06)

Infinite Loops

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The Great Depression and Social Security

Laghe morgan: People's views that they thought were abhorrent before become, al of a sudden, very palatable. The social security passed in 19 35, and it was very, very popular. And so that' when you have these transition periods where people get this sucidal shock. I think nine 11 did it in the senseof, if you had told people before nine 11, hey, when you go to the airport you got to take your shoes and your belt and your jacket off, peuple woud be like it here. And now we think it's totally normal. We've discussed how timing the market is hard, but you had some interesting timeg at

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