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When most people expect a top-five-per-cent outcome, mass disappointment is guaranteed.
Drawn from what Morgan Housel said
A private bookmark. Not a position, and never counted.
What Morgan Housel actually said
Word for word, with the source under each one. They did not write this page.
Partner at Collaborative Fund and author of The Psychology of Money
But when a majority of people expect a top 5% outcome the result is guaranteed mass disappointment.
Where this was said
↗A Few Things I’m Pretty Sure Aboutcollabfund.com
All 5 korrents from this piecethis one is 1st
Added to korrents 6 Jan 2026 · How quotes work · Something wrong? Tell us
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Nothing near enough to show. As of the last pass () this claim had been compared with the other 5354 claims in the archive and none was close enough in subject or wording to put here. That can change as the archive grows — it is not a judgement that this claim stands alone.