Those are the three types of risk mindsets in the world:

• Those who know stuff breaks and attempt to survive the breaks long enough to experience the eventual growth that occurs when people learn and improve from the breaks.

• Those who think stuff doesn’t break and are broken when it does.

• Those whose experience being broken leads them to believe there’s no such thing as eventual growth.

Optimist, complacentist, pessimist.

Morgan Housel – Collaborative Fund