Morgan Housel is a partner at The Collaborative Fund, an investor and an author.The world continues to change, but the hairless apes that inhabit it stay the same. So there must be some laws of human psychology which remain true, no matter what time and place you're in, and today we get to go through some of the most fascinating ones.Expect to learn the problem with the way most people make predictions, who exactly are the reasonable optimists, whether anyone was able to predict the great depression, just how different median income for families differs from the 1950s to today, why trajectory is much more important than position, why stories are more powerful than statistics and much more... Sponsors:Get 15% discount on the best Colostrum from ARMRA at https://tryarmra.com/modernwisdom (use code: MODERNWISDOM)Get 20% discount on Nomatic’s amazing luggage at https://nomatic.com/modernwisdom (use code MODERNWISDOM)Get $150/£150 discount on the Eight Sleep Pod Cover at https://eightsleep.com/modernwisdom (discount automatically applied)Extra Stuff:Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/Buy my productivity energy drink Neutonic: https://neutonic.com/modernwisdom-Get in touch.Instagram: https://www.instagram.com/chriswillxTwitter: https://www.twitter.com/chriswillxYouTube: https://www.youtube.com/modernwisdompodcastEmail: https://chriswillx.com/contact/Learn more about your ad choices. Visit megaphone.fm/adchoices