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> Evolution, which shows how competitive advantages are gained and squandered. > Nature (anything from geology to forestry) which has the best examples of compounding because incredible things happen over very (very) long periods of time.

> If we can learn about investing through the lens of other fields, can we learn about other fields through the lens of investing?

> I call investing The Greatest Show On Earth because money is everywhere, it affects all of us, and confuses most of us. Everyone thinks about it a little differently. ... Few topics offer a more powerful magnifying glass that helps explain why people behave the way they do.

> It can reveal what people have experienced in life. Show me a pessimist and I’ll show you someone whose economic well-being hasn’t turned out the way they imagined; show me an optimist and I’ll show you someone whose career has exceeded their expectations.

> Money reveals who people trust, who they don’t, who they find compelling and who they will never take seriously. > It shows what society values (not necessarily skills, but scarcity) and what makes things break (expectations getting too high, having no room for error).

> It shows, better than anything else, the advantage of being born lucky vs. having the odds stacked against you. > It shows what makes people happy and what clearly doesn’t.

> Few things are better than money at revealing our capacity to adapt to circumstances. Few things are better at revealing how prone people are to jealousy, envy, and regret.