This chapter explores the connection between status and wealth in American culture, as well as how status is measured in various communities. It discusses the difference between status and admiration, and the dilemma of choosing between making money and being admired.
We may live in an ever-evolving world, but some things never change. The power of a good story. The miracle of compound interest. The cold, hard fact that money can’t buy happiness. This is the deceptively simple premise of “Same as Ever” by Morgan Housel. If we can master the behaviors that never change, we’ll be ready to handle whatever the future throws at us. On today’s show, Morgan sits down with Rufus to share some of the timeless lessons from his new book as well as enduring wisdom from his last, “The Psychology of Money.”
Host: Rufus Griscom
Guest: Morgan Housel
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