Cumulative vs. Cyclical Knowledge
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The Psychology of Money with Morgan Housel
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Morgan Housel
Cumulative vs. Cyclical Knowledge
Aug 29, 2024, 9:00 PM
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12 min
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In some fields our knowledge is seamlessly passed down across generations. In others, it’s fleeting. To paraphrase investor Jim Grant: Knowledge in some fields is cumulative. In other fields it’s cyclical (at best).