Distinguishing between sustainable momentum and temporary luck is only known with hindsight.

There are so many things in life where distinguishing between sustainable momentum and temporary luck is only known with hindsight.

Maybe the broadest way to protect yourself is the simple rule that the luckier you are, the nicer you should be.

The more successful you are, the nicer you should be.

The better things are going, the nicer you should be.

That’s probably the best – or only – way to guard against entitlement, which is the main thing that blindsides you when luck turns the other way.

It’s like an automatic stabilizer that keeps you in check and keeps your social circles solid – both of which probably lead to sustainable, durable, non-lucky success over time.

Morgan Housel

Collab Fund

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