Morgan Housel explains why we should focus on the things that never change

Morgan Housel, author of ‘The Psychology of Money’ and “Same As Ever,’ discusses what we can learn from the past, the dangers of overconfidence, and more.

In Morgan Housel’s new book, Same as Ever: A Guide To What Never Changes, he posits that we should stop trying to predict the future. Instead, we should use what we know from the past to help us react to changes as they inevitably come up. After writing the bestseller The Psychology of Money where he looked at spending habits to understand how people make sense of the world, Housel decided to address the collective. “I think in some ways The Psychology of Money is an exploration of the behavior of the individual,” he says. “Same As Ever is about the behavior of the collective, because it looks at what we keep doing.”

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