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#746 - Morgan Housel - 12 Unexpected Laws Of Human Psychology
Modern Wisdom
The Importance of Deserving Success and Avoiding Complacency
To achieve what you desire, it is crucial to deserve it. This principle applies not only in love relationships but also in pursuits like wealth and entrepreneurship. Success comes from continuous effort and not taking shortcuts. Avoid complacency after achieving success as it often leads to downfall. Sears' story serves as a cautionary tale, illustrating how neglecting innovation and becoming arrogant led to their downfall. The key to sustained success lies in staying scrappy and maintaining fear of competitors. Mike Murriz's success with Sequoia reinforces the importance of never letting one's guard down and always staying motivated by the fear of failure.
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