Morgan Housel

2 weeks ago | buff.ly | Morgan Housel

A boy once asked Charlie Munger, “What advice do you have for someone like me to succeed in life?” Munger replied: “Don’t do cocaine. Don’t race trains to the track. And avoid all AIDS situations.”It’s often hard to know what will bring joy but easy to spot what will bring misery. Building a house is complex; destroying one is simple, and I think you’ll find a similar analogy in most areas of life. When trying to get ahead it can be helpful to flip things around, focusing on how to not fall back.

2 weeks ago | collabfund.com | Morgan Housel

A boy once asked Charlie Munger, “What advice do you have for someone like me to succeed in life?” Munger replied: “Don’t do cocaine. Don’t race trains to the track. And avoid all AIDS situations.”It’s often hard to know what will bring joy but easy to spot what will bring misery. Building a house is complex; destroying one is simple, and I think you’ll find a similar analogy in most areas of life. When trying to get ahead it can be helpful to flip things around, focusing on how to not fall back.

2 weeks ago | onet.pl | Morgan Housel

„Niezmienne prawdy. Ponadczasowe lekcje o podejmowaniu ryzyka, wykorzystywaniu szans i sztuce dobrego życia” ŚWIAT WISI NA WŁOSKU Jeśli wiesz, gdzie byliśmy, zdajesz sobie sprawę, że nie mamy pojęcia, dokąd zmierzamyPoważną lekcją płynącą z historii jest uświadomienie sobie, jak bardzo świat wisi na włosku.

1 month ago | fool.com | Andy Cross |David Meier |Mary Long |Morgan Housel

In this podcast, Motley Fool analyst David Meier and host Mary Long discuss:Target's off-the-mark results. Lessons from TJX Companies' under-the-radar CEO. What caused David to do a double-take when listening to Palo Alto Networks' earnings call. Then, author Morgan Housel joins Motley Fool Chief Investment Officer Andy Cross for a conversation about investment decision-making and the psychology of spending money.

2 months ago | collabfund.com | Morgan Housel

Thirty-seven thousand Americans died in car accidents in 1955, six times today’s rate adjusted for miles driven. Ford began offering seat belts in every model that year. It was a $27 upgrade, equivalent to about $190 today. Research showed they reduced traffic fatalities by nearly 70%. But only 2% of customers opted for the upgrade. Ninety-eight percent of buyers preferred to remain at the mercy of inertia. Things eventually changed, but it took decades.