The brain's pursuit of dopamine values the process and anticipation of acquiring new things, rather than the possession itself.
Reduced expectations lead to a more content life, as happiness is found in the surprises and the gap between expectations and reality.
Deep dives
The Unhappiness of the Rich
Some of the richest people often appear incredibly unhappy, highlighting the role of expectations in financial success. Richard Nixon's observation suggests that a purposeful life brings more fulfillment than mere indulgence. The desire for what cannot be obtained creates a hierarchy of wants, where the chase is more satisfying than possession. The brain's pursuit of dopamine, the chemical of desire, results in valuing the process and anticipation of acquiring new things. This psychological pattern is seen with the continuous pursuit of wealth, where the goalpost always moves to the next level.
Expectations and Happiness
Stephen Hawking's perspective on happiness reveals that reduced expectations lead to a more content life. People find happiness in surprises and the gap between their expectations and reality. This phenomenon extends beyond money, as fame also creates a significant gap between expectations and actual experiences. It is the management of expectations, rather than changing circumstances, that plays a crucial role in overall happiness. Society often neglects the value of expectations, even though they profoundly impact well-being.
Wanting Less, Not More
The pursuit of happiness with money involves wanting less rather than accumulating more. Managing expectations becomes a mental game that everyone should be aware of. Charlie Munger's advice to have low and reasonable expectations aligns with the concept of appreciating life's results without excessive attachment. Recognizing the power of expectations can lead to a more fulfilling and content life, where wanting less and finding joy in the little things become the main focus.