The Morgan Housel Podcast Everything You Can't Have
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Mar 30, 2023 Dive into the intriguing paradox of wealth and happiness, where it’s not about how much you own but the thrill of the chase. Explore how anticipation fuels our desires more than actual possession itself. Gain insights from the fascinating interplay of expectations and satisfaction, and discover how a shift in perspective can redefine fulfillment. With a special nod to Richard Nixon, the discussion reveals the complex dynamics of desire and purpose in our lives.
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Nixon's Observation
- Richard Nixon observed unhappy people in luxurious settings.
- He noted their lack of purpose despite material wealth.
Hierarchy of Wants
- The most desirable things are those we want but can't have.
- A hierarchy of wants exists: not wanting and not having, wanting and having, and wanting but not having.
Thrill of the Chase
- William Dawson highlights the thrill of the chase in his book, "The Quest for the Simple Life."
- He argues that easily acquired possessions bring less joy.
