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Will More Money Make You Happy? | Ep 68

Strategy Meets Finance

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The Four Corners of Happiness

There's the whole area about the general truths of truth, everybody that more money does more money make you more happy. But if I give Bill Gates another $50, is that going to make him any more happy? So there's got to be a limit. And what happens if we can call long-term well-being and happy, sad, short-term just for the purposes of this? We've got a long-term level of well-being which doesn't really change but something might happen in the day that makes you feel good. You move above thatSet point theory says that life puts us below our set level quite a lot,. so we want to do something to push

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