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Author Morgan Housel discusses poor forecasting abilities throughout history. Ron Shaich shares Cava's journey to becoming a public company and insights on the restaurant industry. They explore market volatility, motivations for starting new business lines, and the evolution of the restaurant industry. They also discuss challenges of growth, Act 3, and going public, as well as their favorite menu items and business concepts.
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Quick takeaways
- The book 'Same As Ever' by Morgan Housel emphasizes the importance of learning from history and understanding that certain behaviors and responses to crises remain constant throughout time.
- Distinguishing between short-term and long-term relevant information is crucial, as focusing on knowledge that will remain valuable in the future is key.
Deep dives
Morgan Housel's book explores the timeless lessons from history
Morgan Housel's latest book, Same As Ever, focuses on the enduring lessons from history, highlighting how much of history is just the same story repeating itself. Housel emphasizes the importance of learning from history and understanding that certain behaviors and responses to crises remain constant throughout time. By studying and understanding history, we can gain valuable insights into how to navigate present and future challenges.
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