Same as Ever
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11 min

Same as Ever

by Morgan Housel

Brief Summary

If you want to not only dream about great achievements but also turn them into reality, the book “Same as Ever” will provide you with a reliable guide. Here, you will learn how to analyze difficult situations and develop effective strategies that will help you achieve both material prosperity and inner harmony.

Key points

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Key idea 1 of 8

We have always tended to compare ourselves to others, which prevents us from being satisfied with our lives. Modern society reinforces the desire for a rarely attainable ideal, preventing us from feeling truly happy. The truth is, happiness is not determined by objective living conditions, but rather by how well our expectations match reality. Therefore, the less you expect, the more likely you are to feel satisfied with what you have.

Life is full of personal and generalized examples that support this thesis. For instance, immigrants in the United States are grateful for even the most ordinary things, such as delicious food. They ignore difficulties since their previous lives were much worse. At the same time, a business person from Silicon Valley may feel dissatisfied as they don't have the same level of wealth as their wealthier friends.

Surprisingly, despite a much lower median family income in the 1950s ($29,000, including inflation), many Americans felt more satisfied with their lives than they do today, when it has reached almost $71,000. Back then, the average family owned a small house and two cars and could afford a vacation. Despite their modest wealth, people felt happy because everyone had a roughly similar standard of living. Nowadays, glossy pictures on social media create high expectations and increase the feeling of inferiority.

The same goes for success and worldwide fame. Naomi Osaka, one of the world's most famous tennis players, once said that after a victory, she often feels more relieved of pressure than happy. On the other hand, Harry Truman’s presidency was not expected to succeed. This absence of high expectations helped him to achieve significant results and become one of the most well-known US presidents. Without unrealistic expectations, we will appreciate what we have and experience less disappointment.

01
The way we perceive reality depends on our expectations
02
Apparent stability can hide unexpected things
03
Exceeding any limits disrupts the natural balance
04
The reasons why we don't recognize our successes are surprisingly simple
05
Incentives are the driving force behind our actions
06
Success lies in overcoming challenges and seizing opportunities
07
The experiences we go through leave their marks on our worldview
08
Final summary

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