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The Morgan Housel Podcast
Different Kinds of BS
Jul 25, 2024
The podcast delves into the different kinds of smart and BS, exploring how they come in various forms. It discusses the dangers of false modesty, projecting, double standards, and hypocrisy. It emphasizes the importance of considering both rewards and costs in decisions, and how belief systems shape views on success, luck, and privilege.
13:28
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Quick takeaways
- Recognize different forms of BS to avoid being misled in various contexts.
- Acknowledge the significant impact of luck alongside effort in shaping outcomes for success.
Deep dives
The Ubiquitous Presence of BS
BS is prevalent across all fields and industries, holding significant influence due to people's inclination towards it. Despite the abundance of easily accessible information today, misinformation and BS still thrive, often overshadowing truth and leading to poor decision-making. BS, different from outright lies, intertwines elements of truth and deception, creating a sense of satisfaction for both the storyteller and the listener.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode