Book

Same as ever: timeless lessons on risk, opportunity, andliving a good life

by  Morgan Housel

Description

a Everyone wants to see the future. Few are good at it. From business to economics, politics to social trends, we're just not very good at predicting what happens next. According to Morgan Housel, this is because we focus too much on what we think will change and not enough on what we know will stay the same. If you travelled in time to 500 years ago or 500 years from now, you would be astounded at how much technology and medicine has changed. The geopolitical order would make no sense to you. The language and dialect may be completely foreign. But you'd notice people falling for greed and fear just like they do in our current world. You'd see people persuaded by risk, jealousy, and tribal affiliations in ways that are familiar to you. You'd see overconfidence and short-sightedness that reminds you of people's behaviour today. You'd find people seeking the secret to a happy life and trying to find certainty when none exists in ways that are so relatable. When transported to an unfamiliar world, you'd spend a few minutes watching people behave and say, "Ah. I've seen this before. Same as ever." History is filled with surprises no one could have seen coming. But if we learn to see what doesn't change, we can be more confident in our choices, no matter what the future brings

Table Of Contents

  • Hangin by a thread
  • Risk is what you don't see
  • Expectations and reality
  • Wild minds
  • Wild numbers
  • Best story wins
  • Does not compute
  • Calm plants the seeds of crazy
  • Too much, too soon, too fast
  • Whan magic happens
  • Overnight tragedies and long-term miracles
  • Tiny and magnificent
  • Elation and despair
  • Casualties of perfection
  • It's supposed to be hard
  • Keep running
  • The wonders of the future
  • Harder than it looks and not as fun as it seems
  • Incentives: the most powerful force in the world
  • Now you get it
  • Time horizons
  • Trying too hard
  • Wounds heal, scars last

Subject

Psychological aspects / Economic forecasting / Finance, Personal

Details

Published Petersfield, NH : Harriman House, 2023
Language English
Material xvi, 206 p. ;
ISBN 9781804090633
Location
TCDC Bangkok - General Collection

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