Market history teaches why things behave as they do, never what happens next, because the details never repeat.

Drawn from what Morgan Housel said

What this subject means

investing Putting money into markets on purpose: what a portfolio is for, whether active management earns its cost, and what money is actually a means to.

In the views oninvestingunder our view: Money is a tool for a life, and most people quietly treat it as a scoreboard instead

What Morgan Housel actually said

Morgan Housel 7 Apr 2024 Partner at Collaborative Fund and author of The Psychology of Money

you want to learn the big lessons about why things behave the way they do without assuming the past is a direct guide to the future, because it’s not – most of the details are not repeatable

Where this was said

↗Lucky vs. Repeatablecollabfund.com

7 Apr 2024

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