The Morgan Housel Podcast
Respect Each Others’ Delusions
Dec 22, 2023
Explore how our unique experiences shape personal perceptions, leading us all to have our own delusions. The conversation delves into the dynamics of belief, highlighting how these beliefs influence decision-making during uncertain times. It touches on the concept of depressive realism versus comforting illusions, urging listeners to cultivate empathy when recognizing the flawed views of others. Ultimately, it argues for a deeper understanding of our collective delusions to foster a more compassionate society.
08:47
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Quick takeaways
- Accept that everyone, including oneself, holds deluded beliefs, and have empathy for others.
- Delusions are caused by personal experiences shaping perspectives and emotions distorting judgment.
Deep dives
Importance of memorable sentences and delusions
People remember memorable sentences rather than the full body of work, and a quote from Will and Ariel Durant's book 'The Lessons of History' emphasizes learning from history to have patience with reality and respect others' delusions. It highlights the importance of accepting that everyone, including oneself, holds deluded beliefs. Empathy is encouraged towards others whose delusions may not be obvious to them. It is noted that people are better at spotting flaws in others than in themselves. However, if delusions harm others, they should not be tolerated.
