Morgan Housel's Same as Ever (Book Summary) | A Guide to What Never Changes

Morgan Housel demonstrates the power of understanding what remains constant amid a changing world in Same as Ever (2023). When we identify elements that remain unchanged, we can more easily navigate life’s uncertainties. Drawing from personal, historical, and contemporary examples, Housel offers a master class in optimizing risk, achieving success, and leading a fulfilling life.

From the author of the international blockbuster THE PSYCHOLOGY OF MONEY, a powerful new tool to unlock one of life’s most challenging puzzles.

Every investment plan under the sun is, at best, an informed speculation of what may happen in the future, based on a systematic extrapolation from the known past.

Same as Ever reverses the process, inviting us to identify the many things that never, ever change.

With his usual elan, Morgan Housel presents a master class on optimizing risk, seizing opportunity, and living your best life. Through a sequence of engaging stories and pithy examples, he shows how we can use our newfound grasp of the unchanging to see around corners, not by squinting harder through the uncertain landscape of the future, but by looking backwards, being more broad-sighted, and focusing instead on what is permanently true.

By doing so, we may better anticipate the big stuff, and achieve the greatest success, not merely financial comforts, but most importantly, a life well lived.

Chapters-

00:27 Constants
00:56 Unforeseen Risks
01:23 The Happiness Equation
01:49 Unique Qualities and Flaws
02:13 The Power of Storytelling
02:36 Irrationality
03:01 The Destabilizing Cycles of Fear and Greed
03:23 Stress and Progress
03:50 Harnessing Inefficiency
04:14 Dominance
04:39 Technology
05:06 Perception and Reality
05:27 Incentives
05:53 The Long Game
06:18 Simplicity
06:40 Traumas and Perspective Shifts

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Morgan Housel's Same as Ever (Book Summary) | A Guide to What Never Changes