#707 - Morgan Housel - 9 Timeless Lessons About Human Psychology
Modern Wisdom
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The Happiness Rule and Expectations
The key to happiness lies in having low expectations. Happiness and joy stem from the variance between one's expectations and actual circumstances. This concept is exemplified by looking at historical figures like John D. Rockefeller, who despite immense wealth, lived a life with basic amenities compared to the average person today. Advancements in technology and medicine over time have raised the standard of living, but individuals tend to adapt and reset their expectations accordingly, diminishing the perceived sense of satisfaction despite overall progress.
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