Morgan Housel: "The same stories again and again"

Morgan Housel är alltid läsvärd. Idag skriver han om:

https://www.collaborativefund.com/blog/the-same-stories-again-and-again/

  1. No one knows how they’ll respond to risk and setback until they’re in the moment of terror.
  1. Declines occur because many people’s entire goal is to become so successful that they can relax, and relaxing leads to complacency that breeds decline.
  1. Innovation is hard to predict and easy to underestimate because so much occurs by accident, when several boring discoveries compound into something extraordinary.

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