Page 132 - Morgan Housel - The Psychology of Money_ Timeless Lessons on Wealth, Greed, and Happiness-Harriman House Limited (2020)
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respond to incentives tend to be stable in time. The history of money is
useful for that kind of stuff.
COBACOBA
But specific trends, specific trades, specific sectors, specific causal
relationships about markets, and what people should do with their money
are always an example of evolution in progress. Historians are not prophets.
The question, then, is how should we think about and plan for the future?
Let’s take a look in the next chapter.
