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Long-Term Money · Collaborative Fund

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Adam Smith, the 18th century economist, wrote that it’s not uncommon to meet a mother in the Scottish highlands “who…

Long-Term Money Apr 2, 2026 SHARE ↓ by Morgan Housel @morganhousel Copy Link Adam Smith, the 18th century economist, wrote that it’s not uncommon to meet a mother in the Scottish highlands “who has born twenty children not to have two alive.” That was life. And it hardly mattered whether you were rich or poor. Queen Anne of England had 18 children, not a single one of whom made it to adulthood. American president James Garfield died in 1881 in part because the best doctor in the country was not yet a believer in germs. Two weeks before his death, Franklin Roosevelt’s blood pressure was 26

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