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FIVE LESSONS FROM HISTORY

 
 

Morgan Housel

 
 

The Collaborative Fund, 2019 - www.collaborative fund.org

 
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This is a very valuable identification and comment about five attributes of human psychology that influence making decisions. History is a record of human ideas, decisions, and actions. Human psychology is decisive even though individual humans live in specific geographic environments that effect all three of the above. And these also effect all the humans who comprise the society in which they live.

 

1 People suffering from sudden, unexpected hardships are likely to adopt views they previously thought unthinkable

 
 

2 Reversion to the mean occurs because people persuasive enough to make some thing grow don't have the kind of personalities that allow them to stop before pressing too far

 
 

3 Unsustanable things can last longer than anticipated

 
 

4 Progress happens too slowly for people to notice; setbacks happen too fast for people to ignore

 
 

5 Wounds heal, scars last

 
     

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