2. Luck & Risk - Deepstash
2. Luck & Risk

2. Luck & Risk

Success and failure in finance are deeply influenced by randomness. Bill Gates succeeded not just because of skill, but also because of access, timing, and luck. Risk works the same way in reverse. Housel emphasizes humility and caution in financial planning.

Grounded in probabilistic thinking and narrative fallacy.

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loveoflearning

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A behavioral look at how we think and act about money. Morgan Housel reveals that financial success is less about IQ and more about mindset like humility, patience, and long-term thinking matter more than spreadsheets or stock picks.

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