The strategy of being average for an above-average period of time leads to above-average results; if you can achieve 8% returns for 50 years, the compounded result is absurd and ridiculous, making time and endurance the key variable in investing, not annual returns.
causalpending
Speaker
Morgan HouselEvidence Quote
“if I can be average for an above average period of time that leads to a way above average result”
Source
Morgan Housel: What You Need to Master (And Avoid) to Get Rich, Stay Rich, and Build Wealth— The Knowledge Project PodcastCreated: 8/10/2026, 11:10:02 PM
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