Sunday, September 14, 2014

You should know the difference between.....

Morgan Housel has an interesting list of thirteen things you should know the difference between.  Two samples:

You should know the difference between patience and stubbornnessPatient people are willing to wait a long time, but will change their minds when proven wrong. Stubborn people are also willing to wait a long time, but no amount of facts can change their opinion. They come up with new arguments for why they believe something when the original argument is disproven.

You should know the difference between history and historical interpretations. History is unemotional and factual. It doesn’t care what you think and knows no bias. It is a rare find. Historical interpretations are incomplete, biased, partisan, and uninformed. They are pervasive.

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