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Everything You Can't Have

The Morgan Housel Podcast

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The Value of Struggle in Pursuit of Happiness

Valuing only what you have struggled for is a profound concept. The thrill of the chase, the effort put into obtaining something, holds more value and satisfaction than easily acquired possessions. The author William Dawson highlights that the joy in acquiring something diminishes when it can be easily bought. This notion aligns with the idea that the brain craves dopamine, the chemical of desire, seeking more stimulation and surprises. It is not the possession itself that brings happiness but the process of acquiring it that brings satisfaction. The anticipation and change in one's financial status matter more than the actual amount of money possessed.

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