
Morgan Housel
A timeless guide to understanding the unchanging forces of human behavior and history that shape our uncertain future.
Morgan Housel is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers.
Section 1
8 Sections
Imagine standing on a snowy mountain, the air crisp, the world quiet except for the crunch of your skis. Beneath your feet, layers of snow silently build up, each with its own story. Some days, this serene beauty hides a dangerous secret: fragility. The snowpack is like a delicate glass sculpture, vulnerable to the slightest disturbance.
Consider a group of young skiers who ventured beyond the safe boundaries, unaware that the heavy, wet snow atop a fluffy base created perfect avalanche conditions. What seemed like a harmless run turned into a tragedy, with lives lost beneath the crushing weight of snow. This personal story is a stark reminder that beneath the surface of our daily lives lie hidden risks and delicate balances.
History is littered with such moments. The fate of an entire nation once depended on the direction of the wind. A British fleet, poised to crush an army, was thwarted simply because the wind refused to cooperate. That invisible force saved a revolution and shaped the future of a continent.
Even in business and technology, minor decisions can have catastrophic consequences. A ship captain’s choice to shut down a boiler to save money delayed a voyage by a day — a delay that led the vessel into the path of a deadly submarine attack. The ripple effects of that decision contributed to a world war. These stories illustrate how the world hangs by threads so fine we rarely notice them until they break.
Understanding this fragility teaches us humility. We cannot predict every outcome or control every variable. Instead, we learn to respect the unknown, prepare for surprises, and appreciate the delicate dance of chance and choice that shapes our lives.
As we move forward, we’ll explore how risk is often what we don’t see, and why the unexpected holds the greatest power over our future.
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