Morgan Housel

Five Lessons from History

"Stories are more powerful than statistics because they take less effort for your brain to contextualize complex issues."

Morgan Housel

Five Lessons from History

"Hard times make people do and think things they'd never imagine when things are calm."

Jason Zweig

"Being right is the enemy of staying right because it leads you to forget the way the world works."

Robert Greene

The Laws of Human Nature

"Whenever you feel unusually certain and excited about a plan or idea, you must step back and gauge whether it is a viral group effect operating on you. If you can detach yourself for a moment from your excitement, you might notice how your thinking is used to rationalize your emotions, to confirm the certainty you want to feel. Never relinquish your ability to doubt, reflect, and consider other options - your rationality as an individual is your only protection against the madness that can overcome a group."

Charlie Munger

"A great philosopher said 'A man never steps into the same river twice, the man is different, and so is the river when he goes in the second time.' That's the trouble with economics. It's not like physics. The same damn recipe done a different time gets a different result."

Charlie Munger

"This business is of controlling the costs and living simply. That was the secret. Warren and I had tiny little bits of money. We always underspent our incomes and we invested it. You live long enough, you end up rich; it's not very complicated."

Anthony Robbins

Awaken the Giant Within

"The quality of your life is a direct reflection of the quality of the questions you are asking yourself."

Albert Allen Bartlett

"The greatest shortcoming of the human race is our inability to understand the exponential function."

Carl Jung

"Until you make the unconscious conscious, it will direct your life and you will call it fate."

Robert Greene

The Laws of Human Nature

"We all know the effects of 'hyperintention': If we want and need desperately to sleep, we are less likely to fall asleep. If we absolutely must give the best talk possible at some conference, we become hyperanxious about the results, and the performance suffers. If we desperately need to find an intimate partner or make friends, we are more likely to push them away. If instead we relax and focus on other things, we are more likely to fall asleep or give a great talk or charm people. The most pleasurable things in life occur as a result of something not directly intended and expected. When we try to manufacture happy moments, they tend to disappoint us."

Ray Dalio

Ask Me Anything on Reddit on May 7, 2019

"I think the greatest tragedy of most individuals and most groups in dealing with most of their issues is that individuals are inappropriately attached to their own biased perspectives so that they don't properly stress-test their thinking through the art of thoughtful disagreement."

Robert Greene

The Laws of Human Nature

"Each human is radically unique. This uniqueness is inscribed in us in three ways - the one-of-a-kind configuration of our DNA, the particular way our brains are wired, and our experiences as we go through life, experiences that are unlike any other's."

Dr. Martin Luther King Jr.

"We have a responsibility to set out to discover what we are made for, to discover our life's work, to discover what we are called to do. And after we discover that, we should set out to do it with all the strength and all of the power that we can muster."

Dr. Martin Luther King Jr.

"The great problem facing modern man is that, that the means by which we live, have outdistanced the spiritual ends for which we live. So we find ourselves caught in a messed-up world. The problem is with man himself and man’s soul. We haven’t learned how to be just and honest and kind and true and loving. And that is the basis of our problem. The real problem is that through our scientific genius we’ve made of the world a neighborhood, but through our moral and spiritual genius we’ve failed to make of it a brotherhood."

Friedrich Nietzsche

"He who has a why to live can bear with almost any how."

Shane Parrish

"In the same way compounding interest increases our bank balance, better decisions produce exponentially better results the more of them we make. Hard decisions today, made well, prepare us to make decisions more easily in the future."

Mark Manson

The Subtle Art of Not Giving a Fuck

“A more interesting question, a question that most people never consider is, ‘What pain do you want in your life? What are you willing to struggle for?’ Because that seems to be a greater determinant of how our lives turn out.” 

Mark Manson

The Subtle Art of Not Giving A Fuck

“The backwards law [is] the idea that the more you pursue feeling better all the time, the less satisfied you become, as pursuing something only reinforces the fact that you lack it in the first place. The more you desperately want to be rich, the more poor and unworthy you feel, regardless of how much money you actually make. The more you desperately want to be sexy and desired, the uglier you come to see yourself, regardless of your actual physical appearance. The more you desperately want to be happy and loved, the lonelier and more afraid you become, regardless of those who surround you. The more you want to be spiritually enlightened, the more self-centered and shallow you become in trying to get there.” 

Jeff Bezos

2018 Amazon Shareholder Letter

"As a company grows, everything needs to scale, including the size of your failed experiments. If the size of your failures isn't growing, you're not going to be inventing at a size that can actually move the needle."

Marcus Aurelius

Meditations

“Our actions may be impeded... 
But there can be no impeding our intentions or our dispositions. Because we can accommodate and adapt. The mind adapts and converts to its own purposes the obstacle to our acting.

The impediment to action advances action.

What stands in the way becomes the way.”

Ray Dalio

Principles

"This is why many people who have endured setbacks that seems devastating at the time ended up happy as (or even happier than) they originally were after they successfully adapted to them. The quality of your life will depend on the choices you make at those painful moments. The faster one appropriately adapts, the better. No matter what you want out of life, your ability to adapt and move quickly and efficiently through the process of personal evolution will determine your success and your happiness. If you do it well, you can change your psychological reaction to it so that what was painful can become something you crave.”