Morgan Housel

And I feel like I've just moved on to acceptance of it.

I don't get that angry about it.

I mean, I accept that it's going to be there.

at higher rates that I would prefer and occasionally at very high rates that can be destructive.

But I don't necessarily get angry about it because I feel like it's inevitable within history.

And the idea that I should be awaiting for a world in which prices are stable all the time and perpetuity is never going to happen.

So I'm not going to waste my time waiting for it.

And that doesn't mean that you shouldn't be angry or vote when politicians –

screw up and cause inflation.

It's not that, but I think some people have too high expectations for what they expected to be eventually in an era and way that's never going to be there.

I think that's true for a lot of things, for marriages, for friendships.

If your expectations for perfection, if you have expectations of perfection in an area where people are imperfect,

And I have bad days.

My wife has bad days.

You need to have some tolerance, reasonable level of intolerance for imperfection is important.

And I think you can apply that framework to how people think about inflation.

Not 100%, but among the surest paths that are there.

I think there is a lot of – there's an unfortunate truth with a lot of this stuff that people's personalities are wired at birth.

And that's just how they're wired.

And I think that includes people who are wired for long-term thinking and some people who are just not.