"Same as Ever - A Guide to What Never Changes" By Morgan Housel
Same as Ever - A Guide to What Never Changes provides insights into how human behaviour influences societal and economic trends. The author argues that while we often focus on predicting specific events, it's more fruitful to predict how people will respond to greed, fear, opportunity, exploitation, risk, uncertainty, and social persuasion. He highlights that a lack of preparation for unforeseen events often leads to catastrophic consequences, underscoring the importance of maintaining a wide imagination. Additionally, he explores how the pursuit of certainty often leads to irrational decisions and how the desire for shortcuts can backfire. The text concludes by reflecting on the idea that although wounds heal, scars often last, reminding us that past experiences shape individual and societal outlooks.