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Morgan Housel
“Yes, but I have something he will never have... enough”
Morgan Housel, The Psychology of Money

Morgan Housel
“Luck and risk are both the reality that every outcome in life is guided by forces other than individual effort. They are so similar that you can’t believe in one without equally respecting the other. They both happen because the world is too complex to allow 100% of your actions to dictate 100% of your outcomes. They are driven by the same thing: You are one person in a game with seven billion other people and infinite moving parts. The accidental impact of actions outside of your control can be more consequential than the ones you consciously take.”
Morgan Housel, The Psychology of Money

Morgan Housel
“Some people are born into families that encourage education; others are against it. Some are born into flourishing economies encouraging of entrepreneurship; others are born into war and destitution. I want you to be successful, and I want you to earn it. But realize that not all success is due to hard work, and not all poverty is due to laziness. Keep this in mind when judging people, including yourself.”
Morgan Housel, The Psychology of Money

Morgan Housel
“Using your money to buy time and options has a lifestyle benefit few luxury goods can compete with.”
Morgan Housel, The Psychology of Money

Morgan Housel
“I love Voltaire’s observation that “History never repeats itself; man always does.”
Morgan Housel, The Psychology of Money

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