Growth Mindset Psychology: The Science of Self-Improvement Eternal Laws of Human Nature: Timeless Investing Principles from “Same As Ever" - Morgan Housel
Jul 26, 2024
In this insightful discussion, finance expert Morgan Housel and economics enthusiast Nicolas Vereecke explore the timeless lessons from Housel's 'Same As Ever'. They delve into how unseen risks can impact financial decisions and the necessity of balancing ambition with contentment. The impact of social circles on success is highlighted, alongside the distinction between permanent and transient information. Listeners will walk away with strategies for wiser investing and a deeper understanding of human behavior in economics.
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Buffett's Snickers Test
- Warren Buffett's Snickers story shows what businesses survive trends.
- The anecdote proves some customer wants (faster, cheaper, familiar products) persist across decades.
Progress Is Hard To See
- Good outcomes are often invisible because avoided harms don't make headlines.
- This bias makes people underestimate long-term progress and misread exponential gains.
Prepare For Hidden Risks
- Invest in preparedness, not prediction, to survive unknown shocks.
- Build resilience that tolerates risks you cannot foresee.