Morgan's Notebook: What A World
A few quotes, ideas, and links I don't want to forget.
Ideas From Me
“You don’t have to know exactly what the future holds to know that some people will handle it better than others.”
“The most valuable personal finance asset is not needing to impress anyone.”
“The proper financial mindset is to be scared enough to save for the short run and brave enough to invest for the long run.”
Ideas From Others
“People in their 30s know where the world is going because they’re going to do it. I’m in my 80s so I have no idea.”
—Daniel Kahneman
“In any creative project, you can’t imagine what the end is going to be, unless it is a very small thing you’re doing.”
—Robert Pirsig
“Too many theories try too hard to be laws.”
—Carl von Clausewitz
What We Wrote
What A World (A Few Stories) by Morgan Housel
Everything we know about history is limited to what’s been written down, shared publicly, or spoken into a camera. The stuff that’s been kept secret, in someone’s head, taken to the grave, must be 1,000 times as large and more interesting.
Make the Library a Model for Your Business by Craig Shapiro
Libraries remind us that value isn’t always immediate or measurable in quarterly reports. But it’s real. The impact accumulates over time, quietly compounding. The same can be true for any organization willing to think more expansively.
Too Much Capital is a Disease by Sophie Bakalar
Abundance and optimism are essential, but restraint is equally critical. The goal should be to provide companies with enough capital to achieve their next meaningful milestone, not enough capital to avoid having to think carefully about priorities.
You don’t need perfect foresight to notice the difference in how people move through uncertainty—some grip tighter, others stay adaptive.
I see the same pattern in health.
We don’t know what aging will throw at us, but we can sense who’s prepared to meet it well—not through control, but through the habits, mindset, and flexibility they’ve built over time.
Excellent.