5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP536: Buffett and Munger’s Principles and Mental Models

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Living Life According to an Inner Scorecard

The hedonic treadmill, otherwise known as lifestyle creep, is pretty much a double edged sword. Morgan Hausle writes that the solution particularly after basic knees are met is actively seeking contentment with what you have. Buffett popularized the idea of living life by an inner scorecard. Charlie Munger has always been a big proponent of delayed gratification.

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