some people come of age during a deep depression or excessive inflation, others during a raging bull market or generational prosperity and cheap gas, and each grows older thinking they've learned how to save and invest.
Morgan Housel probably said it best: "Your personal experiences with money make up maybe 0.00000001% of what's happened in the world, but maybe 80% of how you think the world works."
quotingWe tend to talk about life as if it’s roughly the same for everyone.
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And yet some children are orphaned at birth and some people die at 80 and their parents outlive them.
These are almost completely separate categories of existence.
We’re all walking around assuming our baseline is roughly the baseline, when actually there’s no baseline at all.