For most of human history, and how humans evolved, was you got your tribal identity and your pecking orter, your status through war. That has been replaced by sports which is a non violent way to figure out where you stand in society. And i think money is that as well. Just because they're rich does not mean thy're necessarily smarter. Doesn't mean you want to hang out with them more. By and large, bho people want to hanging out with are people who are nice and ampathetic and listen to you when o and are similar to you.
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