Five Lessons from History

Morgan Housel from the Collaborative Fund is a terrific essayist and thinker. This recent piece titled Five Lessons from History explores human psychology, history and motivation in thought provoking piece worth a read.

Lesson #1: People suffering from sudden, unexpected hardship are likely to adopt views they previously thought unthinkable.
Lesson #2: Reversion to the mean occurs because people persuasive enough to make something grow don’t have the kind of personalities that allow them to stop before pushing too far.
Lesson #3: Unsustainable things can last longer than you anticipate.
Lesson #4: Progress happens too slowly for people to notice; setbacks happen too fast for people to ignore.
Lesson #5: Wounds heal, scars last.


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