The Morgan Housel Podcast Compounding Optimism
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Feb 14, 2024 Explore the concept of 'Compounding Optimism' and how it reshapes our view of future progress. Discover the fascinating link between a crocodile's reproduction and economic advancement. Uncover how great innovators like Steve Jobs are inspired by past ideas, showcasing the power of interconnected creativity. Delve into the importance of small ideas merging into significant innovations through collaboration, revealing a hopeful perspective on incremental growth and human potential.
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Underestimating Future Progress
- People struggle to envision a much better future than the present.
- They acknowledge past progress but find future optimism difficult.
Asexual Reproduction's Risks
- A crocodile in Costa Rica reproduced asexually, a rare phenomenon.
- Mueller's ratchet theory explains how lack of genetic variety can lead to extinction.
Learning from Predecessors
- Steve Jobs saw Edwin Land as a hero and copied his ideas.
- Successful individuals often study and learn from their predecessors, like Bezos from Walton.
