to accept that you might have enough, even if it’s less than those around you.

It’s guided by people’s behaviors. And how I behave might make sense

Expecting things to be great means a best-case scenario that feels flat.

In 2004 The New York Times interviewed Stephen Hawking, the scientist whose incurable motor-neuron disease left him paralyzed and unable to talk at age 21. Through his computer, Hawking told the interviewer how excited he was to sell books to lay people. “Are you always this cheerful?” the Times asked. “My expectations were reduced to zero when I w

Bubbles aren’t so much about valuations rising. That’s just a symptom of something else: time horizons shrinking as more short-term traders enter the playing field.

Bubbles form when the momentum of short-term returns attracts enough money that the makeup of investors shifts from mostly long term to mostly short term.

The fuel of the End of History Illusion is that people adapt to most circumstances, so the benefits of an extreme plan—the simplicity of having hardly anything, or the thrill of having almost everything—wear off.

The ability to do what you want, when you want, for as long as you want, has an infinite ROI.

The wisdom in having room for error is acknowledging that uncertainty, randomness, and chance—“unknowns”—are an ever-present part of life.