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#707 - Morgan Housel - 9 Timeless Lessons About Human Psychology

Modern Wisdom

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The Pursuit of Status Over Happiness

The pursuit of status and relative positioning is deeply ingrained in human evolution, driving us to compete for resources and mates. This drive for status extends beyond finances to encompass fame and social standing. Many individuals overvalue their common skills, only to realize their lack of uniqueness when entering the job market. Similarly, in investing, success is not about having a lot of information, but possessing information that others do not. Ultimately, everything in life is relative to what others have and are doing, making it challenging to surpass the collective status quo.

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