“Look backward, and be broad. Rather than attempting to figure out little ways the future might change, study the big things the past has never avoided.”
Thanks for bringing this to my (and other readers´) attention! Very refreshing to take a step back and find a new perspective. Especially liked the part on incentives ... very true, and the Jason Zweig quote is frightening!
I’m sure it would have been landed on your radar at some point (Housel is by now a household name) but happy I was the one to do it. And indeed, that quote is something. Apparently the Time magazine was initially called Facts but the founder realized that nobody was interested in the truth - so he pivoted to giving news in a digestible format. That’s some good for thought!
Thanks for bringing this to my (and other readers´) attention! Very refreshing to take a step back and find a new perspective. Especially liked the part on incentives ... very true, and the Jason Zweig quote is frightening!
I’m sure it would have been landed on your radar at some point (Housel is by now a household name) but happy I was the one to do it. And indeed, that quote is something. Apparently the Time magazine was initially called Facts but the founder realized that nobody was interested in the truth - so he pivoted to giving news in a digestible format. That’s some good for thought!
we need to seek after durable competitive advantages! as those will last a long time.
Really makes you think of moats differently, doesn't it? As a former Nokia owner, I should know :)
It's very insightful!
I'm glad you liked it! Have you read his other book?
Are you referring to the Psychology of Money? For that nope