Morgan Housel

I want to be funny.

I want to be healthy.

All those things are so important and they're very hard to quantify.

How do I quantify whether I'm a good dad or not?

I don't know.

It's potentially the most important thing to me in the world and there's no score.

And so it means everything to me, but it's easy to kind of ignore because it's this mushy topic.

But what is my net worth?

How much did my income go up last year?

What are my returns versus the S&P 500?

You can measure those down to the millionth of a basis point.

And so because they're so easy to track and it's apples to apples, my net worth versus yours, how do I compare my social citizen score or my dad's score or husband's score

From me to you, you can't, there's nothing.

But income, we can sit here and compare our net worth all day.

And so I think the using it as a scorecard metric is both really good and can be a lot of fun and used for good.

And I love that game.

I've been playing that game since I was a teenager and I'll keep playing it the rest of my life.

But you have to understand the limitations of it and how much power there is towards it just because you can quantify it, not because it's necessarily going to give you a better life.

I think there are a lot of people who, because it's so easy to quantify, chase it as the ultimate metric to all of their problems, the solution to everything in your life and everything else, your friendships, your relationships, your health that are more important, take a backseat just because you can't measure them.

The only thing I ever wanted out of money...