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#488: Ever made a flippant, seemingly minor decision that radically changed the course of your life?\nMorgan Housel has experienced this. At age 17, he made a quick decision that ended up saving his life. Sadly, two of his friends were less fortunate.\nHe shares that story in today's podcast episode, and sheds light on the lessons he's learned from it.\nHousel says that his lifesaving choice -- and many of our other important decisions -- are snap verdicts, ones that we don\u2019t spend much time thinking about.\nIf pivotal moments are decided in a flash, how do we navigate risk? How do we evaluate our options?\nHousel says this comes understanding concepts that remain constant, consistent, and universal.\nWe need to accept that humans aren\u2019t rational. We must appreciate the reasons why the best answer doesn\u2019t always win. We ought to remember that we overlook many good things happening around us. These constants will most likely impact our futures.\nHousel was named by MarketWatch as one of the 50 most influential people in the market. He is the New York Times bestselling author of The Psychology of Money. His new book is titled Same As Ever.\nHe joins us to discuss the ideas in his latest book.\nFor more information, visit the show notes at https://affordanything.com/episode488\nLearn more about your ad choices. Visit podcastchoices.com/adchoices