Same As Ever
Author Morgan Housel
Score ⭐️⭐️
Status Done
Type Book
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Table of contents
Notes
Key takeaways
Quotes
Summary
Notes
“Invest in preparedness not in prediction”
“I may have more than I used to. But relative to that person over there, I
don't feel like I'm doing that great”
When someone is viewed as more extraordinary than they are, you're more
likely to overvalue their opinion on things they have no special talent in.
Everyone's dealing with problems they don't advertise, at least until you get
to know them well
It's easier to recognize other people's mistakes than our own
Same As Ever 1
I try to ask when I'm reading: Will I care about this a year from now? Ten
years from now?
Key takeaways
Athletic performance isn't just what you're physically capable of. It's what
you're capable of withing the context of what your brain is willing to endure
for the risk and reward in a given moment
Save like a pessimist and invest like an optimist
Plan like a pessimist and dream like and optimist
The best any species can do is to be good at some things until the things
it's not good at suddenly matter more. And then it dies.
The value of every new technology is not just what it can do, it's what
someone else with a totally different skill set and point of view can
eventually manipulate it into
It's easier to convince people that you're special if they don't know you
well enough to see all the ways you're not
Quotes
Everything worth pursuing comes with a little pain. The trick
is not minding that it hurts
Enduring the pain when necessary rather than assuming there's a hack, or
a shortcut, around it
What have you experienced that I haven't that makes you believe what you
do? And would I think about the world like you do if I experienced what you
have?
Summary
We have innovation and advancement is because we are fortunate to have
people in this world whose minds work differently from ours.
Paranoid leads to success because it keeps you on your toes. But paranoid
is stressful, so you abandon it quickly once you achieve success
Things can become the most when people perceive them to be the safest.
Same As Ever 2
Calm plants the seeds of crazy, it makes us fundamentally underestimate
the odds of things going wrong, and the consequences of something going
wrong.
“Hustle Porn” where people want to look busy at all times because they
think it's noble
If your tolerance is zero-if you are allergic to differences in opinion,
personal incentives, emotions, inefficiencies, your odds of succeeding in
anything that requires other people round to zero
Pay the price
The only thing harder than gaining a competition edge is not losing an
advantage when you have one
It's uncomfortable to think that what you haven't experienced might change
what you believe, because admitting your own ignorance
Same As Ever 3
