Housel: Economic History Has Never Existed Without Continuous Periods of Inflation
“There is no history without inflation. It doesn't really exist. It's not really a thing.”
Munger: History books hold answers worth billions of dollars
“There is no better teacher than history in determining the future. There are answers worth billions of dollars in a 30 dollar history book.”
Studying history and biographies expands personal ambition and self-belief
“If you're studying and you're learning from history, this stretches your own story. It makes you reach farther. It makes you believe that you're capable of more than maybe you you're doing right now.”
Williams: Discomfort cannot be eliminated from the study of history
“The idea that you can eliminate discomfort from the study of history, you can't do that in any nation on earth because history is riddled with things that to our contemporary sensibilities are uncomfortable.”
Andreessen: Reading history reveals modern upheavals are recurring universal patterns
“What I find generally is if I don't understand something, I try to read backwards, and kind of the further back, back I read, the more universal themes I find, and the more things that I think are kind of remarkable and unique to our era actually turn out to b…”
Society moves into a new reality rather than returning to normal
“They never go back. Nothing is going to go back. Like there, but history never goes back. Like when huge things happen, we don't go back. We go forward. And something new, something dies, and something new is born”
Dixon: Historical outcomes are more often unexpected than linear
“And the funny thing, at least if you look at history, the weird is often the case, right?”
Dixon: Studying history is the only way to predict the future
“My bias has always been Towards history, for example, like the only way you're ever going to possibly get a lens on how to predict the future is to read a lot of history and understand how these things work because they're such complex systems that you're not …”
Lombard: Events cannot be treated as history until 25 years pass
“There is an idea out there that history really, you can't talk about it as history for about 25 years, that there needs to be some distance.”
Mokyr: History offers little guidance for understanding the modern technological age
“I am not really a great believer in the hypothesis that there's an awful lot we can learn from history about our own age, because our own age is so different in so many ways”
Heffernan: Business schools rely on predetermined case studies instead of teaching history
“And history is almost never taught in business schools. It's all the live case studies. Or the case studies, you know, where the ending is known, and therefore implicitly, structurally looks predetermined.”
Housel: Society consistently believes it knows everything while harboring fundamental scientific errors
“I think at every point in history, there has been something, there have been two things, something that we were totally, 100% completely wrong about, and at the same time, a sense that we have figured everything out, and, you know, science, you know, we figure…”