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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

Who, without diminishing some of the obvious pain and suffering that they've been through, will be like, might have a newfound appreciation for life.

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

Might have a newfound appreciation for sunsets and things like that.

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

Where the lottery winner is almost the opposite.

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

When they win, they're like, life's going to be freaking amazing from here on out.

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

And when it's not, they're like, oh, geez, I thought it was going to be great.

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

It's not.

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

And so you get a lot of counterintuitive results like that.

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

One common review of Same As Ever was

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

Of course, there's a wide spectrum of comments, but I feel like a median review of it was good book, not as good as Psychology of Money.

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

And I always been like, man, if I didn't write Psychology of Money, you probably would have just said good book and finished it there.

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

And it's okay.

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

Maybe.

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

But I think it's inevitable and it's a good problem to have.

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

But it's interesting that I write about that power of expectations and experienced it in a potent way firsthand.

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

Yeah.

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

I always say be very careful who you socialize with because it will full stop will set your expectations of what you want.

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

And I use the example that I grew up out in the out in the mountain sticks outside of Lake Tahoe.

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

And it was very much a mountain town, not poor, but not rich by any standards.

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

And then I went to college in Los Angeles.

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

Los Angeles during the housing bubble in the mid-2000s when there was just overflowing with literally trillions of dollars of fake money.