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Morgan Housel
ACQ2 by Acquired
The Importance of Respect and Admiration
When my son was born, I wrote him a blog post about financial advice. I told him that material possessions won't bring happiness or respect. True respect and admiration come from qualities like intelligence, wisdom, love, and friendship. Some people resort to showing off their wealth as a last resort for gaining respect. Material wealth is just a proxy for lacking these qualities. I use Louis C.K. as an example of someone admired for his humor.
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