The Morgan Housel Podcast cover image

The Morgan Housel Podcast

Trying Too Hard

Sep 18, 2023
13:41
Snipd AI
The podcast explores the idea of trying too hard and the pitfalls that come with excessive effort. It discusses the influence of past experiences and career incentives, and the complexities of lying and telling the truth in service industries. It also highlights the gap between expert advice and personal choices, emphasizing the value of novice perspectives.
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Podcast summary created with Snipd AI

Quick takeaways

  • Trying too hard in investing can lead to catastrophic mistakes and worse results than those who put in less effort or had less knowledge.
  • Experts anchored in old wisdom can fail to recognize new opportunities, hindering their success in various fields.

Deep dives

Trying too hard in investing

In investing, it is possible to try too hard and be too focused on intelligence and effort. Overcomplicating things and having a huge ego can lead to catastrophic mistakes. People from prestigious educational backgrounds often make mistakes that those with less education wouldn't. Trying too hard can result in worse results than those who put in less effort or had less knowledge.

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