Money has replaced many other hierarchical systems. People, by their very dna, want to know where they are in the pecking order. It's just hard to learn about beause you can't see it. If you work at a hedge fund that does tail hedging strategy, then it would make sense you're going to be. But if you are more or less a corps, i dont wat to put words in your mouth at what you would refer to yourself as. So i'm going to go work out now as well. Even if it's subtle, that's what it is.
In this episode of Infinite Loops we spoke with Morgan Housel, a Partner at the Collaborative Fund. Our conversation covered:
- The content of Morgan’s upcoming book
- Whether money is the ‘last taboo’
- Money as a hierarchal system
- What shapes the role of money in different societies
- Investor psychology and self-inflicted problems
If you’d like to pre-order Morgan’s book, you can find more information here: https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681