Fluke -- A Story About How Fragile The World Can Be
The Morgan Housel Podcast
Morgan Housel
4.9 • 1.1K Ratings
🗓️ 10 August 2023
⏱️ 11 minutes
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Summary
This is a short personal story about a fluke event 16 years ago that changed everything in my life. You probably have a similar story, and there is so much to learn about how everything can change from an event you never saw coming.
Transcript
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| 0:00.0 | See I switched to happier intro music. Too many people complain that the old stuff was too sad. Hopefully that one's a little bit better. But welcome back to the |
| 0:15.0 | podcast. This episode is about how fragile the world can be and how small |
| 0:22.0 | little flukes that nobody saw coming can completely can |
| 0:25.0 | and how small little flukes that nobody saw coming can completely transform your own life. |
| 0:27.0 | And heaven forbid this podcast ever turns into just me telling stories about myself. |
| 0:32.0 | I really don't think it ever will, but I'm going to break it for this episode. |
| 0:36.0 | And this is a story about a complete random fluke that happened in my life 16 years ago, that totally changed everything about my life. |
| 0:46.2 | I think it has a good takeaway for everybody and after you listen to this I think everyone |
| 0:51.0 | all of you will be able to say oh I have a similar related story about my own life |
| 0:56.1 | The takeaway from all these fluke stories is just how fragile the world is |
| 1:01.6 | Particularly why forecasting is hard. And everybody knows that forecasting |
| 1:06.6 | what's going to happen in the future, in the economy and the stock market, in politics, |
| 1:11.1 | whatever it be, the history of that is very bad. |
| 1:14.2 | And usually the reason why we are so bad at forecasting |
| 1:16.6 | is not because people aren't smart, or because they don't have the right information. |
| 1:20.8 | It's because trivial accidents can be influential in your life in ways that are impossible to foresee. |
| 1:27.0 | I did a talk with the high school class a few years ago, and one of the students asked me how I decided to become a writer. |
| 1:34.0 | And my response was, I didn't. I'd never decided. It was never planned. I never saw it coming. |
| 1:40.0 | It was never part of my strategy it just kind of happened and the path that led me here |
| 1:46.1 | to become a writer is an absurd story. One night in college I remember it was late, because maybe midnight. I was reading a blog post about a hedge fund manager named Eddie Lampert. |
| 1:58.0 | The blog was written by a guy named Shamgan, who I had never heard of. |
| 2:02.0 | And I can't remember where I found Sham. guy named Sham Gat, who I had never heard of. |
... |
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