My notes on the book same as ever

I recently finished the book named Same as ever by Morgan Housel.

It was a good read.

Below are some points that are discussed in this book and that really compelled me to think -

1. If you know where we have been, you realize we have no idea where we’re going.
2. ”Risk is what’s left over after you think you’ve thought of everything.” ~ Carl Richards
3. The first rule of a happy life is low expectations.
4. Best story wins
5. Everything worth pursuing comes with a little pain. The trick is not miniding that is hurts.
6. Most things worth pursuing charge their fee in the form of stress, uncertainty, dealing with quirky people, bureaucracy, other people’s conflicting incentives, hassle, nonsense, long hours, and constant doubt. That’s the overhead cost of getting ahead. A lot of times that price is worth paying.
7. ”The safest way to try to get what you want is to try to deserve what you want. It’s such a simple idea. It’s the golden rule. You want to deliver to the world what you would buy if you were on the other end.” ~ Charile Munger
8. Most competitive advantage eventually die. The most dominant creatures tend to be huge, but the most enduring tend to be smaller. T-Rex < cockroach < bacteria.
9. Most things are harder than they look and not as fun as they seem.
10. Simple is better (most of the time).