Masters in Business Team Favorite At the Money: What Never Changes with Money
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Feb 26, 2025 
Morgan Housel, author of "Same as Ever: A Guide to What Never Changes," provides timeless insights on finance and human nature. He discusses how human behavior remains stable, even amid economic crises, emphasizing recurring patterns during downturns. The conversation highlights the power of financial narratives that can trump raw data in shaping market sentiment. Housel also addresses the unrealistic financial expectations fueled by social media, advocating for a balanced financial perspective that emphasizes mental health amidst constant change.
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Predictability of Human Behavior
- Human behavior around risk and reward remains consistent throughout history.
- Understanding this behavior is more helpful than predicting specific events.
Power of Narratives
- Compelling narratives often outweigh data and reasoning in decision-making.
- People rely on stories to simplify complex information, especially in investing.
Nature of Risk
- Low-probability events happen more often than expected due to the multitude of possibilities.
- We are constantly surprised by risk due to this misunderstanding.
