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#222 - Morgan Housel - How To Become Wealthy, Stay Wealthy & Be Happy
Modern Wisdom
You Never Get Fired for Following the Formula
It's always brilliant for people to post hawk their way through it. The problem as well, is that in retrospect, you have no idea what the other outcome could have been. One of the takeaways from the luck risk dynamic is that we need to be careful ind terms of whom we admire and taking lessons away from those who are too specific. If i really admire this investor, this peerson, but i'm unable to ascribe how much of their success was luck versus skill, then i need to make sure that i'm taking away the broadest lessons for them.
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