The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 11 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Housel: The Psychology of Money Missed NYT List Over UK Publisher
“It did not make the New York Times bestseller list because since the publisher is a UK publisher, it was blacklisted from it.”
The 1929 market crash actually recovered by 1936 when accounting for dividends
“After the crash of 1929, the market did not exceed its previous high until 1956, which is true if you don't include dividends. If you do include dividends, the right answer is 1936.”
The Psychology of Money Started With 5,000 Copies, Now Nearing 10 Million
“The first print run of Psychology Money was 5000 copies because all the evidence showed us that would be a great outcome, and we're at nearly ten million now.”
Morgan Housel notes Bill Gates attended America's only computer-equipped high school
“Bill Gates went to the only high school in America that had a computer, and the computer that they had was more advanced than most of the computer programs had at the top universities.”
Morgan Housel notes Bernie Madoff made millions legally before turning to fraud
“Bernie Madoff had a legitimate business, not a fraud. He was a legitimate market maker. And by most accounts, he was making tens, maybe a hundred million dollars in a legitimate, legal, perfect way.”
Morgan Housel states 95 percent of Warren Buffett's wealth accumulated after 65
“95% of that came after his 65th birthday. I think he's 89 years old right now. 95% of that amount came after his 65th birthday. 98% of his wealth came after his 50th birthday.”
Seven percent of Russell 3000 stocks generated all 30-year market returns
“40% of the companies, the components within that index went out of business. They were gone, not because they merged, but because they failed. And seven percent of the components of that index among the 3000, just seven percent of them account for virtually al…”
Warren Buffett made most of his wealth on just 10 stocks
“Buffett mentioned years ago at a Berkshire Hathaway meeting that he has owned 500 stocks over the course of his investing career. And in percentage terms, he has made most of his money on 10 of them.”
Housel: Chuck Feeney lived lavishly with mansions and yachts before choosing frugality
“The less well-known part of his story is that when he became wealthy in the 19 eighties, when he first became a billionaire, he lived like a billionaire. He had multiple mansions. He had a private jet. He had a yacht. He lived like quintessential billionaire. …”