korrents

korrents · piece

Lucky vs. Repeatable

Morgan Housel · 7 Apr 2024 · collabfund.com ↗

2 korrents from this piece

Morgan Housel did not write this page.

Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. Our reading

    When learning from someone successful, copy only what is repeatable; the rest of their success cannot be reproduced.

    Their wordsIt’s so important to know the difference between the two when attempting to learn from someone. You want to try to emulate skills that are repeatable.
    Interesting

  2. Our reading

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

    Their wordsyou 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
    Interesting