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Morgan Housel

๐Ÿ‘ค Speaker
3750 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

U2, the band, their albums in the 1980s are so unbelievably good.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

You listen to Joshua Tree and those albums, you're like, every song is like magic.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Like, how did you... This is so good.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

The recent albums...

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

I will judge and be like, I don't know, man.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

It doesn't really happen.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And I think at least part of that is that I'm judging the recent albums relative to the pure magic that they produced.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

If you don't like that music, you probably have your own example of it.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

It's okay.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

But that's the case.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Everything is going to be judged relative to your highest moment in the past.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And that's a very hard thing to deal with.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

I don't know if you can do it intentionally.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

I think you can be forced into it.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

of if something terrible happens in your life, you are able to say, I'm so grateful for it because I used to be down in these pits of despair before.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Stephen Hawking had a very potent example of this, the late scientist who was, of course, had no control over his paralyzed head to toe in a wheelchair.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And he talked about that he was so grateful for life and so happy to wake up every morning because his expectations were reduced to zero when he was 21 years old, when he was diagnosed with this illness and everything else since then.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And there have been some studies about this of like the comparison, the classic example of who is happier, a lottery winner or a paraplegic?

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And the answer is like not intuitive.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

It's very often the paraplegic.