The Art of Manliness 10 Unchanging Ideas for Navigating an Ever-Changing World
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Nov 8, 2023 
Morgan Housel, a venture capitalist and author of 'Same as Ever,' shares timeless principles for navigating a fast-changing world. He emphasizes the unseen risks that can disrupt our plans and how compound interest applies not just to finances. Housel discusses how unrealistic expectations can impact happiness and the importance of accepting life's challenges. He encourages a balance between focus and flexibility in both work and personal life, illustrating that success often comes with hidden costs and the need for long-term thinking.
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The Avalanche
- Morgan Housel shares a story about a life-altering decision while skiing with friends.
- Declining a second run unknowingly saved his life when his friends were killed in an avalanche.
Unseen Risks
- Biggest risks are often unseen, not the obvious ones we anticipate.
- The Great Depression exemplifies this; no one predicted its severity despite available data.
Preparing for the Unknown
- Prepare for unseen risks by having a "too much" safety cushion.
- Ample savings and liquidity become invaluable during unforeseen crises.
