By Morgan Housel and Orange Book
Nothing too good or too bad stays that way forever, because great times plant the seeds of their own destruction through complacency and too much risk, and bad times plant the seeds of their own turn-around through opportunity and panic-driven problem-solving.
Life moves in cycles.
But we treat risk and luck very differently: We notice risk and uncertainty right away and want them gone fast. But when luck arrives, we act like it’ll stay forever. This shows up in investing and in life:
When the market or our portfolio losses money, we look for someone to blame.
When it rises, we credit our own intelligence and game-plan.
Maybe the best way to stay grounded is simple:
- The luckier you are, the nicer you should be.
- The more successful you are, the nicer you should be.
- The better life treats you, the kinder you should become.
Orange Book — On the Beauty of the Climb
People want to get rich immediately.
They want to meet the perfect partner, get fit, become wise—now.
But the truth is, it’s easy to feel lost and even depressed once you’ve reached every goal.
Be grateful you still have work to do.
Let this remind you:
Success is a cycle, not a finish line.
The journey—full of uncertainty, effort, and growth—is the reward.
And if you’re lucky enough to be doing well, don’t forget to be kind.
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