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Cycles are hard to predict because forecasters extrapolate in straight lines and cannot see the forces undoing the present.

Drawn from what Morgan Housel said

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What Morgan Housel actually said

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  1. Morgan Housel

    Partner at Collaborative Fund and author of The Psychology of Money

    Cycles are so hard to predict, because it’s easier to forecast in straight lines.

    Where this was said

    ↗A Few Things I’m Pretty Sure Aboutcollabfund.com

    All 5 korrents from this piecethis one is 5th

Added to korrents 6 Jan 2026 · How quotes work · Something wrong? Tell us

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