The Morgan Housel Podcast

Little Ways The World Works

Apr 26, 2023

Discover how lessons from biology and physics can reshape our understanding of money and business. The discussion reveals the importance of interdisciplinary insights, drawing analogies like goldfish growth and tree development. Explore the impact of scientific principles on corporate environments and the resilience of systems in the face of challenges. The conversation emphasizes the element of surprise in extraordinary events and how belief can influence collective outcomes, weaving together knowledge across varied fields for insightful growth.

19:22

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Quick takeaways

Money and investing are linked to human behavior, which can be understood by studying fields like psychology, sociology, and biology.

By exploring concepts from diverse fields, individuals can gain a broader perspective and make more informed choices in their personal and professional lives.

Deep dives

Money and investing are behavioral topics

Money and investing are not solely about finance and economics but are inherently linked to human behavior. By studying fields like psychology, sociology, history, politics, biology, and more, one can gain valuable insights into how people make decisions and understand important concepts such as risk, greed, fear, uncertainty, and scarcity. Recognizing that money is a behavioral topic allows for a deeper understanding of its dynamics and can lead to smarter and more informed investments.

Zip's Law in Language and its Relation to Business and Investing

01:59

Three Men Make a Tiger

00:39

Uncovering Fundamental Drivers of How the World Works

03:17

Intro

2min

The Interconnected Web of Learning and Growth

5min

Connecting Dots: Learning Across Disciplines for Insightful Growth

2min

Exploring Scientific Principles and Their Broader Implications

8min

The Fragility of Systems and the Power of Belief

2min

This episode has little to do with money. But in some ways it has everything to do with money.

That's the riddle I want to unpack.

I want to share a bunch of examples of what one field can teach us about another.

What can we learn from biology that teaches us something about money?

What can we learn from physics that teaches us something about business?

If you find something that is true in more than one field, you’ve probably uncovered something particularly important. The more fields it shows up in, the more likely it is to be a fundamental and recurring driver of how the world works.