Morgan Housel

When planning for the future we often ask, “What will the economy be doing this time next year?” Or, “What will be different ten years from now?” But forecasting is hard. The important events that will shape the future are inherently unpredictable. Instead, we should be asking a different question: What will be the same ten years from now? What will be the same one hundred years from now? Knowledge of the things that never change is more useful, and more important, than an uncertain prediction of an unknowable future. In Same As Ever, bestselling author Morgan Housel shares 24 short stories about the ways that life, behaviour, and business will always be the same. Armed with this knowledge of the unchanging, you will have a powerful new ability to think about risk, opportunity, and how to navigate the uncertainty of the future. As you see familiar themes repeat again and again in the years ahead, you’ll find yourself nodding and saying, “Yep, same as ever.”

Timeless Lessons on Risk, Opportunity and Living a Good Life

Same as Ever

Nitin Ranganath

Change captures our attention because it's surprising and exciting. But the behaviors that never change are history's most powerful lessons, because they preview what to expect in the future.

No matter what the world looks like today, and what seems obvious today, everything can change tomorrow because of some tiny accident no one's thinking about.

The biggest risk is always what no one sees coming, because if no one sees it coming, no one's prepared for it; and if no one's prepared for it, its damage will be amplified when it arrives. 

The first rule of happiness is low expectations.

Todav's economy is good at generating three things: wealth, the ability to show off wealth, and great envy for other people's wealth.

We tend to take precaution to safeguard our material possessions because we know what they cost. But at the same time we neglect things such are much more precious because they don't come with price tags attached.

If you're not willing to do a wholesale, 24/7, 100 percent swap with who that person is, then there is no point in being jealous.

People don't want accuracy. They want certainty.

Great ideas explained poorly can go nowhere, while old wrong ideas told compellingly can ignite a revolution.

What calm planting the seeds of crazy does is important: It makes us fundamentally underestimate the odds of things going wrong, and the consequences of something going wrong. 

Same as Ever quotes

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