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930: Morgan Housel | The Power of Preparation Over Prediction
The Jordan Harbinger Show
The Pursuit of Respect and Admiration through Virtues
People often buy material goods to gain respect and admiration, but it rarely works. True respect comes from virtues, ideas, humor, and wisdom, not from possessions. A person's value to the world is not determined by their possessions. Even someone like Louis C.K., known for his humor, is not admired for his wardrobe or car. Aspiring for material goods can be a sign of trying to compensate for lacking in other areas. Material possessions can be seen as sad or cringe-inducing when they are acquired to look cool, but are valued when they are driven by genuine passion. Buying things to appear cool often has the opposite effect and is seen as a midlife crisis.
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