What are you working on? Kindle Scribe
EUR 8.51
You will be charged USD 9.99

Promotions apply when you purchase

These promotions will be applied to this item:

Some promotions may be combined; others are not eligible to be combined with other offers. For details, please see the Terms & Conditions associated with these promotions.

Sold by Penguin Group (USA) LLC. Price set by seller.
You've subscribed to ! We will preorder your items within 24 hours of when they become available. When new books are released, we'll charge your default payment method for the lowest price available during the pre-order period.
Update your device or payment method, cancel individual pre-orders or your subscription at
Your Memberships & Subscriptions

Buy as Gift

Buy as a gift or purchase for a team or group.
Learn more

How it works

  1. Choose your delivery method
  2. Send now or schedule for later
  3. Add your personal message
  4. Recipients can read on any device

These ebooks can only be redeemed by recipients in the US. Redemption links and eBooks cannot be resold.

Added to

Sorry, there was a problem.

There was an error retrieving your Wish Lists. Please try again.

Sorry, there was a problem.

List unavailable.
Kindle app logo image

Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer - no Kindle device required.

Read instantly on your browser with Kindle for Web.

Using your mobile phone camera - scan the code below and download the Kindle app.

QR code to download the Kindle App

  • Same as Ever: A Guide to What Never Changes

Follow the author

Get new release updates & improved recommendations
Morgan Housel
Follow
Something went wrong. Please try your request again later.

Same as Ever: A Guide to What Never Changes Kindle Edition

by Morgan Housel (Author) Format: Kindle Edition
4.6 out of 5 stars (5,457)
AN INSTANT NEW YORK TIMES BESTSELLER

From the author of the international blockbuster, THE PSYCHOLOGY OF MONEY, a powerful new tool to unlock one of life’s most challenging puzzles.

Every investment plan under the sun is, at best, an informed speculation of what may happen in the future, based on a systematic extrapolation from the known past.

Same as Ever reverses the process, inviting us to identify the many things that never, ever change.

With his usual elan, Morgan Housel presents a master class on optimizing risk, seizing opportunity, and living your best life. Through a sequence of engaging stories and pithy examples, he shows how we can use our newfound grasp of the unchanging to see around corners, not by squinting harder through the uncertain landscape of the future, but by looking backwards, being more broad-sighted, and focusing instead on what is permanently true.   

By doing so, we may better anticipate the big stuff, and achieve the greatest success, not merely financial comforts, but most importantly, a life well lived.
Read more
Previous slide of product details
  1. Print length
    240 pages
  2. Language
    English
  3. Publisher
    Portfolio
  4. Accessibility
    Learn more
  5. Publication date
    November 7, 2023
  6. File size
    2.2 MB
  7. Page Flip
    Enabled
  8. Word Wise
    Enabled
  9. Enhanced typesetting
    Enabled
Next slide of product details

Great on Kindle
Great Experience. Great Value.
iphone with kindle app
Putting our best book forward
Each Great on Kindle book offers a great reading experience, at a better value than print to keep your wallet happy.

Explore your book, then jump right back to where you left off with Page Flip.

View high quality images that let you zoom in to take a closer look.

Enjoy features only possible in digital – start reading right away, carry your library with you, adjust the font, create shareable notes and highlights, and more.

Discover additional details about the events, people, and places in your book, with Wikipedia integration.
Get the free Kindle app: Link to the kindle app page Link to the kindle app page
Enjoy a great reading experience when you buy the Kindle edition of this book. Learn more about Great on Kindle, available in select categories.

Customers also bought or read

Page 1 of 1Start over
Previous page
Next page
Loading...

Editorial Reviews

Review

“Want to understand the changing world? Start with what stays the same. That’s the amazing conclusion of Morgan Housel’s fascinating, useful, and highly-entertaining book.”
— Arthur C. Brooks, Professor, Harvard Kennedy School and Harvard Business School, and New York Times bestselling author

“Morgan Housel has done it again. Same As Ever brims with wisdom and wit, and Housel has an ingenious way of selecting the perfect, unforgettable story to drive home timeless lessons about money, life, storytelling, ambition, and satisfaction. This little book contains a library's worth of wisdom.”
— Derek Thompson, The Atlantic

“This book is both profoundly thoughtful, almost impossible to put down, and really important. Housel explains how so much of what determines our fate is random, seemingly hanging from a thread—and yet, there are also universal truths that have stayed consistent over centuries. What Housel shows is how to find them.”
— Bethany McLean, bestselling coauthor of The Smartest Guys in the Room and All the Devils are Here

“Life changing insights from a fantastic story teller."
—Ryan Holiday, bestselling author of The Obstacle is the Way and The Daily Dad
 
“A must read for anyone who wants to turn history’s hindsight into their current foresight.” 
— Shane Parrish, founder of Farnam Street and author of Clear Thinking
 
“Concepts that, the sooner you get them, the sooner you’ll start living a richer and more rewarding life.”
 — Scott Galloway, Professor of Marketing at NYU Stern and bestselling author of Adrift

About the Author

Morgan Housel is a partner at The Collaborative Fund. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.

Product details

  • ASIN ‏ : ‎ B0C1685PDK
  • Publisher ‏ : ‎ Portfolio
  • Accessibility ‏ : ‎ Learn more
  • Publication date ‏ : ‎ November 7, 2023
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 2.2 MB
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 240 pages
  • ISBN-10 ‏ : ‎ 9780593332702
  • ISBN-13 ‏ : ‎ 978-0593332719
  • Page Flip ‏ : ‎ Enabled
  • Best Sellers Rank: #30,244 in Kindle Store (See Top 100 in Kindle Store)
  • Customer Reviews:
    4.6 out of 5 stars (5,457)

About the author

Follow authors to get new release updates, plus improved recommendations.
Morgan Housel

Morgan Housel

Brief content visible, double tap to read full content.
Full content visible, double tap to read brief content.

Morgan Housel is a partner at The Collaborative Fund. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.

Related books

Page 1 of 1Start Over
Sponsored
Previous page
  1. Shop the Store on Amazon ›
    Soft Power: The Confidence No One Sees but Everyone Feels
    Soft Power: The Confidence No One Sees but Everyone Feels
    4.64.6 out of 5 stars27
    EUR11.06
  2. Shop the Store on Amazon ›
    Never Give Up: God is Good When Life Isn't – The Perfect Christian Graduation Gift to Celebrate Your Grad
    Never Give Up: God is Good When Life Isn't – The Perfect Christian Graduation Gift to Celebrate Your Grad
    4.84.8 out of 5 stars357
    EUR8.24 List:EUR15.32
  3. Shop the Store on Amazon ›
    The Laws of The Sun: One Source, One Planet, One People
    The Laws of The Sun: One Source, One Planet, One People
    4.44.4 out of 5 stars172
    EUR12.66 List:EUR13.58
  4. Shop the Store on Amazon ›
    The Power of Empathy: A Practical Guide to Creating Intimacy, Self-understanding, and Lasting Love in Your Life
    The Power of Empathy: A Practical Guide to Creating Intimacy, Self-understanding, and Lasting Love in Your Life
    4.64.6 out of 5 stars90
    EUR2.55
Next page

Customer reviews

4.6 out of 5 stars
5,457 global ratings

Customers say

Customers find this book to be a fascinating and easy-to-understand read that offers short bursts of wisdom and connects interesting stories to each point. Moreover, they appreciate its practicality, with one customer noting how it helps build clarity about present and future. Additionally, the writing style receives positive feedback, and customers consider it worth the money. However, the accuracy of the content receives mixed reviews.
AI Generated from the text of customer reviews

Select to learn more

65 customers mention content, 57 positive, 8 negative
Customers find the book to be a fascinating and enjoyable read, with one customer noting it serves as a good companion to Nassim Taleb's works.
Great book. Full of very actionable advise. Morgan is a great writer and his books add much to the reader’s personnal growthRead more
...Great read!Read more
Fantastic book. Love both of this author's books. Full of pertinent, useful information. Clear and easy to understand and read....Read more
Great flow and informative logic! I found it interesting and eye opening especially when comparing different happenings in decades in the past and...Read more
63 customers mention insightful, 58 positive, 5 negative
Customers find the book insightful, providing short bursts of wisdom and valuable perspective, with one customer noting its unique ability to distill concepts into practical knowledge.
Very insightful and simple read. Would recommend it to anyone who is interested in knowing the future! Same as ever,Read more
I highly recommend the purchase of this extremely original and insightful book by renowned writer Morgan Housel....Read more
This one was an insightful read. It some time to shift from typical "financial-related aura" of Morgan's books to a more philosophical one....Read more
This book is not preachy but is insightful. The big learning is the value of learning from history rather than obsessing about the forecast....Read more
23 customers mention readability, 19 positive, 4 negative
Customers find the book easy to read and understand, with clear content.
...Well written, easy read and quite suitable as a gift that 'keeps on giving'. Worth the time and worth supporting the author. Bravo, Mr. Housel!Read more
This book outlines very pertinent reminders for life that are easy to read but hard to remember. Great book and very easy to readRead more
...It’s the kind of read that feels easy on the surface—conversational, clear, approachable—but beneath that simplicity are powerful, enduring truths...Read more
This is a very readable book, and each short chapter ends with a hook that leads into the next, so it's like eating a bag of chips, before long you...Read more
17 customers mention practicality, 17 positive, 0 negative
Customers find the book practical and pertinent, with one customer noting it provides very actionable advice.
Practical, concise, well writtenRead more
Very informative and helpful book. It opens your eyes to how things work.Read more
...of the book are that it is short, it has no fillers, and it has lots of examples and actionable insights.Read more
...Each idea is illuminated with stories that feel both relevant and grounding, the sort of reflections any reader will appreciate.Read more
15 customers mention narrative, 11 positive, 4 negative
Customers appreciate the narrative of the book, which connects interesting stories to each point, with one customer noting how it reinforces historical patterns throughout the text.
Morgan has a talent for describing „old“ wisdom with new & fascinating stories that really stick....Read more
...The premise sounded intriguing, highlighting what patterns and principles have remained consistent throughout history....Read more
...The evidence for most chapters is meager. The endnotes include only a handful of historians, mostly popular writers like Frederick Allen, Doris...Read more
...The author is truly gifted in counterintuitive insights and stringing anecdotes together, and I'm sure he'll make the most fascinating dinner guest....Read more
15 customers mention writing style, 13 positive, 2 negative
Customers appreciate the writing style of the book, describing it as great and noting that the author is among the better contemporary writers.
...Well written, easy read and quite suitable as a gift that 'keeps on giving'. Worth the time and worth supporting the author. Bravo, Mr. Housel!Read more
well articulated. great perspectives....Read more
Great book. Full of very actionable advise. Morgan is a great writer and his books add much to the reader’s personnal growthRead more
...there’s a lot of good stuff in it, not to mention Housel's great writing style....Read more
9 customers mention value for money, 9 positive, 0 negative
Customers find the book worth the money.
Better price and delivery is so fastRead more
...Like the book was rushed out? His "Psychology of Money" is a very worthwhile book, however.Read more
...It's definitely worth the cover price. Video and media algorithms cause many people angst....Read more
...Worth the time and worth supporting the author. Bravo, Mr. Housel!Read more
6 customers mention accuracy, 4 positive, 2 negative
Customers have mixed opinions about the accuracy of the book, with some finding it true and insightful, while others point out factual errors.
...clear, approachable—but beneath that simplicity are powerful, enduring truths that stick with you long after you’ve turned the last page....Read more
...insights that are worth being reminded of but some of the insights are not accurate but supported by extreme events....Read more
Same as ever, Morgan delivered it! So many truth that we are not aware of are included in this book. I will read it again, again and again.Read more
Just like the first book psychology of money the author deals with timeless truths ....Read more
Morgan Housel happily surprises us with this insightful book!
5 out of 5 stars
Morgan Housel happily surprises us with this insightful book!
I highly recommend the purchase of this extremely original and insightful book by renowned writer Morgan Housel. In this book Morgan Housel helps people understand how studying the past, and seeing what remains the "same as ever," can help one predict the future! This book is a necessary read for all kinds of people (including investors, policy makers and ordinary citizens.) It is worth much more than its purchase price!
Hide
Thank you for your feedback
Sorry, there was an error
Sorry we couldn't load the review

Top reviews from the United States

  • John E Calia
    5.0 out of 5 stars A lot of wisdom
    Reviewed in the United States on December 2, 2025
    Format: HardcoverVerified Purchase
    Morgan Housel blends the perspectives of a philosopher, an economist, and a sociologist, offering clear and thoughtful insights in short, engaging chapters. It’s the kind of book that meets you where you are—especially when life is full, work is demanding, and family deserves your best. Each idea is illuminated with stories that feel both relevant and grounding, the sort of reflections any reader will appreciate.
    4 people found this helpful
    Helpful
     Report
  • fitzalling
    5.0 out of 5 stars Short bursts of wisdom
    Reviewed in the United States on January 23, 2024
    Format: HardcoverVerified Purchase
    I have the hardback which is 203 pages, not including credits and footnotes. The book has 24 chapters that are unnumbered, so the chapters are fairly short. The book is well-written and an easy read. Much of what never changes is human nature. The wisdom arose from my personal examination of how each of these chapters applied to me.
    The author starts with a personal story about snow skiing with two friends one morning and then deciding not to ski with them that afternoon. His friends were killed in a snow slide that afternoon. If he had said yes to more skiing he would have almost certainly died with them. Why did he decide not to ski? He has no idea.
    He takes this event and begins to look at risk. Risk is what you don't see. The book then looks at happiness since much of risk is unpredictable. Keeping expectations low leads to more happiness in the author's opinion. He makes a good case.
    The book moves from one topic to the next. It looks at the power of compounding interest and compounding decisions. Good decisions lead to good outcomes. It looks at incentives. Much human behavior can be forecast by knowing the incentives that the human actors are subject to. Sometimes it's "follow the money" and sometimes it's just "fitting in." In my experience, understanding the financial incentives goes a long way to predicting the actions of the people I'm dealing with.
    The author ends with what I increasingly think is the most important observation - people are a product of their experienced environment. People will disagree, and they will, in many cases because their life experiences differ. What seems obvious to one is not to another because they haven't had the same life experiences. He notes that "Wounds heal, Scars last."
    The book finishes with a series of questions that the reader can ask rather than a series of the author's conclusions. I'm trying to ask these questions of myself to better understand how to read "what never changes" so I don't get blindsided.
    If the subject interests you, I highly recommend the book. It gives short bursts of wisdom that I intend to try to apply to my life.
    115 people found this helpful
    Helpful
     Report
  • Xuan
    4.0 out of 5 stars Like eating a bag of tasty chips!
    Reviewed in the United States on April 20, 2025
    Format: KindleVerified Purchase
    This is a very readable book, and each short chapter ends with a hook that leads into the next, so it's like eating a bag of chips, before long you find yourself having finished the bag and enjoyed it quite a bit, but then you ask: Did it really taste like the flavor it says on the packaging? To that end, I think yes and no. The first few chapters really got at some basic truths, but some in the middle and towards the end can be folded into previous chapters. The author is truly gifted in counterintuitive insights and stringing anecdotes together, and I'm sure he'll make the most fascinating dinner guest. There are plenty of morsels of wisdom to chew on, but in order to really go deeper, the reader will need to apply each concept and put them to the test in their own lives. If even one of the 23 ideas presented here helps you to reframe life in a new and more constructive way, then I think it's worth much more than the price of the book alone. Enjoy it!
    11 people found this helpful
    Helpful
     Report
  • Pamela B Moody
    5.0 out of 5 stars Timeless Wisdom in a World That Doesn’t Sit Still
    Reviewed in the United States on May 20, 2025
    Format: HardcoverVerified Purchase
    Same as Ever was my first introduction to Morgan Housel’s work, and as a professional in the financial industry, I can say this book hit home. It’s the kind of read that feels easy on the surface—conversational, clear, approachable—but beneath that simplicity are powerful, enduring truths that stick with you long after you’ve turned the last page.

    Housel doesn’t just throw data or market theories at you. Instead, he focuses on the timeless aspects of human behavior—our tendencies, our blind spots, and the emotional patterns that repeat again and again, no matter how much the world changes. In a field where we spend so much time analyzing what’s new, Same as Ever is a refreshing reminder to pay just as much attention to what never changes.

    The biggest takeaway? Expect the unexpected. Whether you’re managing portfolios, making personal investment decisions, or just trying to make sense of uncertainty, this book reminds you that humility and adaptability are some of the most valuable assets you can have.

    Highly recommended for anyone in finance—or really anyone trying to navigate a complex, fast-changing world with a bit more wisdom and clarity.
    15 people found this helpful
    Helpful
     Report
  • Spiros Kagadis
    5.0 out of 5 stars Morgan Housel happily surprises us with this insightful book!
    Reviewed in the United States on December 3, 2025
    Format: HardcoverVerified Purchase
    I highly recommend the purchase of this extremely original and insightful book by renowned writer Morgan Housel. In this book Morgan Housel helps people understand how studying the past, and seeing what remains the "same as ever," can help one predict the future! This book is a necessary read for all kinds of people (including investors, policy makers and ordinary citizens.) It is worth much more than its purchase price!
    Customer image
    Spiros Kagadis
    5.0 out of 5 stars
    Morgan Housel happily surprises us with this insightful book!

    Reviewed in the United States on December 3, 2025
    I highly recommend the purchase of this extremely original and insightful book by renowned writer Morgan Housel. In this book Morgan Housel helps people understand how studying the past, and seeing what remains the "same as ever," can help one predict the future! This book is a necessary read for all kinds of people (including investors, policy makers and ordinary citizens.) It is worth much more than its purchase price!
    Images in this review
    Customer image
    3 people found this helpful
    Helpful
     Report

Top reviews from other countries

Translate all reviews to English
  • Carson Coady
    5.0 out of 5 stars Enjoyable read
    Reviewed in Canada on December 1, 2023
    Format: KindleVerified Purchase
    Succinct, well written, enjoyable. Morgan takes examples from our history and breaks down human behaviour. It’s the same as it’s always been. This is one of those books where every chapter can be read independently and you’ll still come out with a new mental teamwork. Thanks for the book Morgan! It’s awesome. I’ll read it again in 2024.
    Report
  • Adem Akan Gözübüyük
    5.0 out of 5 stars Hızlı teslimat, Kaliteli ürün
    Reviewed in Turkey on December 14, 2025
    Format: PaperbackVerified Purchase
    İçerik olarak beklediğimden güzel geldi.
    Baskı kalitesi çok iyi. yıllarca saklanacak bir kitap olduğu için çok sağlam bir baskısı var.
    Report
  • Thiago Guedes
    5.0 out of 5 stars Genial como sempre
    Reviewed in Brazil on December 17, 2023
    Format: KindleVerified Purchase
    Morgan Housel é um dos melhores "story tellers" de nossa geração.

    Neste livro ele nos traz observações menos óbvias e mais sutis sobre o comportamento humano.

    Um ótimo conhecimento para ser aplicado ao "pensar sobre a vida" que vai muito além dos investimentos.
    Report
  • Garlico
    5.0 out of 5 stars Good book
    Reviewed in Japan on April 2, 2025
    Format: PaperbackVerified Purchase
    It's a good book. Finished it the first time but will read it again.
    Report
  • Davide
    5.0 out of 5 stars bellissimo
    Reviewed in Italy on December 13, 2024
    Format: KindleVerified Purchase
    Non posso che raccomandarne la lettura a tutti. Jeff Bezos dice “fate attenzione alle cose che non cambiano mai”. Questo libro parla proprio di questo in un modo incredibile
    Report
See more reviews

Report an issue


Does this item contain inappropriate content?
Report
Do you believe that this item violates a copyright?
Report
Does this item contain quality or formatting issues?
Report