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#746 - Morgan Housel - 12 Unexpected Laws Of Human Psychology

Modern Wisdom

NOTE

Rational Optimism

Admiral Stockdale's story about POWs in Vietnam highlights the importance of being a rational optimist, who balances optimism with a realistic view of the situation. This concept is exemplified by Bill Gates, who combined bold vision with conservative business management to achieve success. The key is to understand when to be optimistic and when to be pessimistic, and how to navigate both perspectives effectively for long-term success.

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