2min chapter

The Prof G Pod with Scott Galloway cover image

The Psychology of Money — with Morgan Housel

The Prof G Pod with Scott Galloway

CHAPTER

Is There a Future in the World?

All economic movement is cyclical and every boom is planted in the bust. There's no such thing as average economic growth or average stock market growth. It's always just a swing from one extreme to the next. I find luck over the long term is perfectly symmetrical. People can understand that concept, but when they're killing it and everything's lucky, they don't see it as luck. They see it as skills. And then when the markets way down, they see it, you know, they then say it's bad luck. You start believing your own press.

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