Morgan Housel
👤 SpeakerAppearances Over Time
Podcast Appearances
Of course, everyone's always going to want the easy answer.
Just like for health.
The answer is eat a better diet and exercise.
Nobody wants that.
They just say, what's the secret potion?
What's the secret formula?
And maybe now we have Ozempic, so maybe now it's closer to a secret formula.
But the truth is, what's the secret to better health?
Sacrifice more, because working out and lifting weights and running is a sacrifice.
It's not fun, it hurts.
That's why it's good.
Or want less, be happier with your imperfect body.
I mean, I think it's a great analogy between health and wealth.
I don't think it's necessary.
And you could point to people I've written about in my books who had no financial education, no training, did not read the Wall Street Journal, could not tell you how the Federal Reserve works.
But they had control of their psychology, control of their emotions.
They worked hard.
They saved their money.
They invested it.
And that's all you need.