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The Value Perspective with James Montier

The Value Perspective

CHAPTER

The 11 Rules of Hedonic Adaptation

I think it was a note that I wrote subsequent to that which we're on the same topic and it was really about trying to defend yourself against what's called a hedonic adaptation. If you're going to spend money spend it on experiences not on physical goods beyond a certain level yeah everybody needs a certain amount of of income and certain amount of goods to be alive but beyond those kind of metrics you can make yourself much happier by going to concerts go diving training ticando whatever it may be. The biggest thing that people should take away apart from point three is it's definitely spend time your family and spend on holidays with them etc etc don't buy the Ferrari don't go buy big

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