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18min chapter
#746 - Morgan Housel - 12 Unexpected Laws Of Human Psychology
Modern Wisdom
The Power of Simplicity and Personal Finance
The chapter explores how simplicity can be more effective than complexity in areas like investing and personal finance, highlighting how unnecessary complexity can lead to high fees. It discusses the influence of personal experiences on beliefs and decision-making, drawing parallels between historical events and individual attitudes. The conversation also touches on materialism, personal transformation through symbols like watches, and the luxury of buying for oneself rather than to impress others.
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highlights
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