Challenging situations can push individuals to achieve extraordinary results. During World War II, FDR demanded 20,000 planes annually instead of the perceived maximum of 5,000, leading to a solution being found. Similarly, pushing people to meet extreme demands with short timelines, as seen in Musk's approach, can result in over-delivering by a significant margin. Artificial constraints and 'good enough' mindsets often limit one's true potential, showing that individuals can achieve far more than they realize when these limitations are removed.
Morgan Housel is a partner at The Collaborative Fund, an investor and an author.
The world continues to change, but the hairless apes that inhabit it stay the same. So there must be some laws of human psychology which remain true, no matter what time and place you're in, and today we get to go through some of the most fascinating ones.
Expect to learn what reasonable optimism looks like, the difference between overnight tragedies and long term miracles, what we can learn by the divorces of the richest men on the planet, how people become victims of perfection, why most competitive advantages eventually die and much more...
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