Morgan Housel

That's the technical answer I'll give you.

The philosophical answer is,

There's a great quote that I love, which is, when you haven't engaged with history, everything feels unprecedented.

And a lot of what we consider uncertainty today is the idea that what we're going through is unprecedented.

And I think if you just become a loose amateur historian,

of Western history in the last 100, 200 years, whatever you want to do, you will see that the cast of characters changes, the plot changes a little bit, but it's the same movie over and over again.

It's the same amount of uncertainty.

It's the same greed, fear, overreaching.

It's the same thing over and over and over again.

That doesn't make things better or not even necessarily make you an optimist, although I think it can.

But it relieves a lot of the uncertainty when you're like, we've done this a million times before.

And a lot of those times it ended bad.

It ended very badly.

But let's not pretend that this is the first time that we've been dealing with these things.

It's not.

And I think for me, that's made me I think it's made me calmer and humbler.

It's made me calmer in the sense that if you think we've never dealt with this before, it makes it feel 10 times scarier.

Whereas if you're like, we've done this before.

And a lot of times it ended poorly, but we've done this before.

And it's made me humbler in the sense of at every one of those episodes where it's been the same movie in the past, nobody was able to predict what happened next.