The big takeaway from ice ages is that you don’t need tremendous force to create tremendous results. If something compounds—if a little growth serves as the fuel for future growth—a small starting base can lead to results so extraordinary
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“Everyone has an incomplete view of the world. But we form a complete narrative to fill in the gaps.”
― The Psychology of Money
― The Psychology of Money
“It is fine to say ‘what doesn’t kill you makes you stronger.’ It is admirable. But it no longer applies when you’re eighty. When you are eighty, whatever doesn’t kill you just ushers you through the next door, and the next door and the next, and all of these doors lock behind you. No bouncing back. The gravitational pull of youth disappears, and you just float up and up.”
― The Man Who Died Twice
― The Man Who Died Twice
“Modern capitalism is a pro at two things: generating wealth and generating envy. Perhaps they go hand in hand; wanting to surpass your peers can be the fuel of hard work. But life isn’t any fun without a sense of enough. Happiness, as it’s said, is just results minus expectations.”
― The Psychology of Money
― The Psychology of Money
“For reasons I have never understood, people like to hear that the world is going to hell.” —Historian Deirdre McCloskey”
― The Psychology of Money
― The Psychology of Money
“There is an iron law in economics: extremely good and extremely bad circumstances rarely stay that way for long because supply and demand adapt in hard-to-predict ways.”
― The Psychology of Money
― The Psychology of Money
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Phankawee’s 2024 Year in Books
Take a look at Phankawee’s Year in Books, including some fun facts about their reading.
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