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The Next Big Idea Daily
"Same as Ever: A Guide to What Never Changes" by Morgan Housel
Dec 20, 2023
16:13
Snipd AI
Morgan Housel, author of The Psychology of Money, explores the power of storytelling, the impact of expectations on happiness, and the cycle of greed and fear in decision-making. He also discusses the relationship between financial stability and recessions, the role of incentives in driving innovation, and the importance of urgency in problem-solving.
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Quick takeaways
- The power of storytelling is often more influential than the merit or rationality of an idea.
- Understanding the unquantifiable aspects of human behavior is crucial for predicting future behavior and comprehending historical patterns.
Deep dives
The Power of Storytelling
According to Morgan Hausle's book, 'Same as Ever,' the best story tends to win, regardless of the idea's merit or rationality. Good storytellers can have more success than those with better ideas but poor storytelling skills. History shows that a compelling narrative has always been more influential in shaping opinions and igniting revolutions than cold, hard facts and statistics.
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