Same as Ever by Morgan Housel

2024-05-24 3 min read Sincheenz

Like in his other book, “The Psychology of Money,” Morgan Housel has once again managed to both educate and entertain. This book contains 23 “short” stories that will leave you in deep thought for a “long” time. Morgan Housel has presented his thoughts concisely and eloquently. He shows how things have always been the same over decades and reading more history will make you more relaxed about the future. Be it financial crisis or pandemics or wars or climate catastrophes we as humankind have always managed to bounce back and move on. Continue reading

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Fooled by Randomness by Nassim Taleb

2022-05-01 1 min read Sincheenz

This book is another version of his bestseller “The Black Swan”, only more fatalistic. The main idea he wants to convey is that we underestimate the impact of randomness in life and attribute success or failure to skill, when it’s luck that has often played a significant role. He keeps emphasizing that skill reveals itself only over time, while luck dominates short-term results. It is true that every positive-thinking book you read or motivational speech you hear focuses too much on successful outcomes while ignoring unseen failures. Continue reading

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The Psychology of Money by Morgan Housel

2022-03-12 1 min read Sincheenz

“When you see someone driving a nice car, you rarely think, “Wow, the guy driving that car is cool.” Instead, you think, “Wow, if I had that car people would think I’m cool.” Subconscious or not, this is how people think.” Morgan Housel summarizes it so well in this one sentence. Our financial decisions many time are based on our expectations of societal approval. It is important to weigh our wants with the actual need. Continue reading