Author Morgan Housel debunks success myths and explores the psychology of money. He discusses finding happiness, the strategy of embracing failure, the art of timing and knowing when to walk away. Also, the importance of recognizing and staying true to one's own incentives in the pursuit of money.
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insights INSIGHT
The Value Of Low Expectations
Lowering expectations is a deliberate path to greater happiness.
Morgan Housel argues aiming lower reduces perpetual dissatisfaction from social comparison.
insights INSIGHT
Why The 1950s Feel Better Than Data Shows
Nostalgia for the 1950s is driven by relative equality and smaller visible gaps.
Housel shows average incomes, home sizes, and health coverage are much better today despite nostalgic perception.
insights INSIGHT
Visibility Inflates Perceived Risk
Our perception of risk shifted because global news now constantly reports rare disasters.
Housel argues expanded media and population size make the world feel more dangerous than it is.
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In today’s episode, we tackle the price of greatness with Morgan Housel, the author of The Psychology of Money and Same as Ever: A Guide to What Never Changes which is already a NYT bestseller.
Today we’re redefining success and happiness, starting with a myth-busting take on the 1950s' nostalgia. Discover the unconventional yet effective strategy of finding happiness, gain unique insights into how embracing failure is a secret weapon used by top comedians to achieve greatness, including wisdom from the legendary Jerry Seinfeld on the art of timing and knowing when to walk away.
What to Listen For
Introduction – 0:00
Most people overlook this simple mindset shift to be happy
Why do we feel so nostalgic about the 1950s and does that nostalgia have a basis in reality?
The psychological trick to making effortless changes in behavior – 18:12
What is the simple strategy most people overlook to streamline your path to accomplishing your goals?
If you want to be successful, when is the best time to walk away or move on from something you’re invested in?
This is more important than competitive advantages in the long run – 26:50
What can we learn from why once-dominant businesses collapsed in order to stay competitive in a hyper competitive market?
The secret to going viral on any platform – 37:55
What do you have to do to go viral that most people will never try?
The unspoken painful price of greatness – 52:20
Why would most people give up on the pursuit of fame if they knew this price they would have to pay?
The Art of Charm 