SAME AS EVER by Morgan Housel | Core Message

Animated core message from Morgan Housel's book 'Same as Ever.'

[ReflectionOcean]

1. Diversify investments into uncorrelated assets to minimize risk (2:18).

2. Keep more cash in safe money market funds than you think necessary (2:39).

3. Adopt a "day one" mentality to avoid complacency (4:43).

4. Seek new opportunities before current ones are exhausted (4:52).

5. Consider the optimal size for sustainable business growth (7:00).

[GabrielAlmeida-bjpr]

Great, great, great. Congrats and thank you!

[waynesletcher]

Always a pleasure to consume your content. Now to write out the PDF. Keep up the great work!

[TheodoreStearns]

Really appreciate your concise summaries yet you always seem to capture the important essence of the books. Many thanks!

[alphabeta]

1:40 Curveball once a decade
3:00 California superbloom
5:20 World's largest man
6:00 Slow growth = durability
8:00 Biggest risk

[stefan-eckhart]

6:10 700% over a 20 year period is about 10% a year compounding. Felt interesting.

[unhine]

Thank you for another outstanding review ❤

[premchettri]

Gandhi Famously quoted "if you wanna go fast, walk alone but if you wanna go far, walk together", Problem is, world has changed and is soo dynamic right now walking together makes one so slow that life become painful.

If one were to follow S&P in last 3 years, most ppls understands the pain !! Infact I have seen a people going all in with Margin Money on "so call", safe investment S&P when Interest rate was literally 2%.. Can you see the pain they have faced? They are wiped outta their investment portfolio..

Moral of the story is, dont eat whatever others are shitting, do you own diligence !!

Nice book, Love you subbed from along time for these contents though keep it coming !

[jann]

Thanks! Excellent summary. Always enjoy your productive game!

[ReflectionOcean]

the importance of preparing for unforeseen financial crises

the dangers of excessive growth or success

the value of sustainable growth over time

[HODICHO]

Thanks you saved me 10hours to learn what the book has to say

[goldilockszone]

I think I am gonna buy this book. Thanks for the review

[ominollo]

Some points remind me of Howard Marks when he talks about “Risk”.

I’m currently reading the “Psychology of money” from the same author and I can only recommend it.
I will add this one to my wishlist too😊

[earncryptoz]

I love you ❤️❤️❤️
Thank you for sharing this amazing book 🙏

[ybyclwn]

overall the video is very good and has solid advice.

[ybyclwn]

The houdini story you tell is not factual. there were only two witnesses and it took place in his hotel room. He didn't die the next day, he died 9 days later from a burst appendix. only coincidentally related to the punch. Houdini ignored several doctors advice to go to the hospital. When he finally went it was too late.

[eversmilezachary]

Does this book really good than before??

[downthecrop]

Has there ever been a book you don't "highly recommend"? 😜

[dvfh]

The biggest risk is not taking any risk.
Quote by David Icke,

You can research much more but your work is also good.

You can also do better work

[jasoncolap]

Just buy bitcoin and call it a day. Thank me later