Morgan Housel
👤 SpeakerAppearances Over Time
Podcast Appearances
We're just better at it.
It's more in the culture.
So a lot of that isn't even the Michael Jordan, LeBron inborn talent.
There's a cultural aspect to it.
And New York is better at finance than Alabama.
And Ohio is better at agriculture than Oregon.
Some of that is natural resources, but some of it's cultural too.
It's cultural know-how.
And my family's been doing this for 70 years.
And so it's kind of in the blood.
So that exists too, but invariably in that, you're gonna have differences in outcomes.
When you're going through a financial bubble, New York's gonna be crushing it.
When you're going through an agricultural boom, Iowa's gonna be crushing it.
Technology boom, California's gonna be crushing it.
At the expense, at least by comparison, of other people.
A third society wakes up and says, screw this.
I don't I don't care about your talents.
I don't care that you're that you're LeBron.
I don't care.
It's not fair.