kottke.org posts about Morgan Housel

How people respond to life-changing inventionsJul 02 2015

Near the end of a piece by Morgan Housel called Innovation Isn't Dead, appears "the typical path of how people respond to life-changing inventions":

1. I've never heard of it.
2. I've heard of it but don't understand it.
3. I understand it, but I don't see how it's useful.
4. I see how it could be fun for rich people, but not me.
5. I use it, but it's just a toy.
6. It's becoming more useful for me.
7. I use it all the time.
8. I could not imagine life without it.
9. Seriously, people lived without it?

That's about right. I can only recall a couple of instances where I've skipped from step 1 to step 8 or 9: when I first used the Web1 and when Jobs introduced the iPhone at MacWorld. Everything else -- Google, HD TV, Twitter, personal computers, streaming music services, wifi, laptops, Instagram, mobile phones -- went through most of the 9 phases. (via @cdixon)

  1. Not the Internet, the Web. I used the Internet before I used the Web (Usenet, FTP, and Gopher mostly) and I never got the "OMG this is going to change everything" vibe I got after using the Web for five minutes.

Mixed signals vs. noiseJun 19 2014

Over the course of his 3000 columns at The Motley Fool, Morgan Housel has learned a few things:

I've learned that short-term thinking is at the root of most of our problems, whether it's in business, politics, investing, or work.

I've learned that debt can cause more social problems than some drugs, yet drugs are illegal and debt is tax deductible.

I've learned that finance is actually very simple, but it's made to look complicated to justify fees.

Unfortunately, the list is undermined almost completely by the get-rich-quick advertising on the site, including this bit at the end of the article, which I can't even tell is an ad or just a promotion:

Opportunities to get wealthy from a single investment don't come around often, but they do exist, and our chief technology officer believes he's found one. In this free report, Jeremy Phillips shares the single company that he believes could transform not only your portfolio, but your entire life. To learn the identity of this stock for free and see why Jeremy is putting more than $100,000 of his own money into it, all you have to do is click here now.

Short-term thinking is at the root of most of our problems, click here now. Now!

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