Morgan Housel’s latest book, Same As Ever, flips the script on traditional future-focused planning. Instead of attempting to predict the unpredictable, Housel argues that understanding the enduring aspects of life is a more powerful tool.
The book is a collection of engaging stories that illustrate timeless truths about human behavior, finance, and navigating an uncertain world. Through these narratives, Housel highlights concepts like the role of luck in success, the power of delayed gratification, and the importance of understanding risk.
Housel’s signature wit and clear writing style make Same As Ever an enjoyable read. Complex financial concepts are presented in an accessible way, making the book valuable for both finance novices and seasoned investors.
Here are some key takeaways from Same As Ever:
- Focus on what never changes: The future is uncertain, but some fundamental human tendencies remain constant. By understanding these constants, we can make better decisions in a world of unknowns.
- Embrace the power of randomness: Success is often influenced by factors beyond our control. Accepting this reality allows us to focus on the things we can control, like our work ethic and risk tolerance.
- Delayed gratification is key: Building wealth and achieving long-term goals require patience and sacrifice. Same As Ever emphasizes the importance of delayed gratification in a world obsessed with instant results.
While Same As Ever is not a prescriptive guide, it offers a valuable framework for thinking about life and making decisions. If you’re looking for a thought-provoking and insightful read that will challenge your perspective, Same As Ever is a great choice.
PS: Morgan Housel is the author of best seller ‘The Psychology of Money’ book.