2min chapter

The Tim Ferriss Show cover image

#576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor

The Tim Ferriss Show

CHAPTER

Goal Posts That Won't Move

Finance is the single most important topic in ney, in investing, in finance, and it's the hardest thing to actually make work. I think if there is one thing that has helped me, and i would say helped, not fixed, just like i helped a little o it around the edges,. The observation that no one thinking about you as much as you are. And therefore so much of people's willingness and their desire to spend more is just a social signal to show people how much money you have. Once you realize that, then you're like, ok, i can see what the game is. It's a game that i can't win, so im not even going

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