Morgan Housel
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How the rest of America can learn from FedEx's productivity gains
Years ago, FedEx's logistics chain was constantly delayed because workers couldn’t transfer a plane’s cargo into a truck fast enough.
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How Amazon and Netflix have mastered the art of failing
Amazon and Netflix owe a lot of their success to their ability to fail well. It’s a unique trait. It’s just failing. And it’s not just accepting failure in order to learn something. Failing well is a special, difficult, thing.
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Why it's time to rethink the traditional workweek
The traditional eight-hour work schedule is great if your job is repetitive, customer-facing, or physically constraining. But for the large and growing number of “knowledge jobs,” it might not be.
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Residential housing can tell you where the economy's going, and it's not where you think
Residential housing investment has been one of the best indicators of future recessions. It’s big and highly cyclical, giving it an outsized influence on the economy.
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The most important question to ask when thinking about risk
This post originally appeared on the Collaborative Fund. One of the craziest things about investing is that you can be wrong half the time and still do well. This is intuitive for high-risk, high-reward investments like derivatives or venture capital.But the more I dig into it, the more I see it across all kinds of asset classes.
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What my 1-year-old son taught me about business — and life
When my son was born, I wrote him a list of money advice. A year and a half later, I realize he's the one who's taught me a lot about life.
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My case for saving money — even if you don't have a reason to save
The first idea – simple but easy to overlook – is that building wealth has little to do with your income or investment returns, and lots to do with your savings rate. A high savings rate means having lower expenses than you otherwise could, and having lower expenses means your savings goes farther than it would if you spent more.
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There are lots of ways to get rich — but only one way to stay that way
Abraham Germansky was a multimillionaire real estate developer in 1920s. As the crash of 1929 unfolded, he was wiped out. The New York Times posted a short story near the back of its October 26th edition, with Germansky’s lawyer, Bernard Sandler, asking for information on his whereabouts.