Morgan Housel on bias:

“Your personal experiences make up maybe 0.00000001% of what’s happened in the world but maybe 80% of how you think the world works… We’re all biased to our own personal history.”

Source: Ideas That Changed My Life


Housel’s quote contrasts nicely with this advice from British writer Norman Douglas:

“There are some things you can’t learn from others. You have to pass through the fire.”