Morgan Housel

There is no amount of financial, material support

success in life in which I could look back at my life and say I had a great life if I really disappointed my kids or my wife or my parents.

Hard to imagine that.

And so even when relationships don't work out, I think really disappointing the people that you don't want to.

I think that's fundamental to my definition of success.

Thank you.

I also think related to that,

loyalty to people who deserve your loyalty is a very rewarding thing.

The important thing is people who deserve your loyalty, which is a small list.

A lot of people do not deserve your loyalty.

But loyalty to someone who deserves your loyalty is unbelievably rewarding.

And so I think about that a lot too.

It gives me a tremendous amount of

good feeling to look at my kids and basically say, no matter how poorly you treat me, I will always be there for you.

You deserve my loyalty and I'm going to give it to you.

I've worked at the Collaborative Fund for 10 years.

Craig Shapiro, a guy who runs it,

Even when I get to a point in my career when I don't need to work there anymore, Craig deserves my loyalty.

He bet on me when he didn't need to.

When I needed him but he didn't need me, he bet on me.