This chapter examines the contrast between advancements in medical science and the unchanging perspectives on money throughout history. It highlights the persistent nature of financial anxieties and misconceptions, showing how our understanding of wealth has resisted evolution despite significant progress in other fields.
In some fields our knowledge is seamlessly passed down across generations. In others, it’s fleeting. To paraphrase investor Jim Grant: Knowledge in some fields is cumulative. In other fields it’s cyclical (at best).