Morgan Housel
๐ค SpeakerAppearances Over Time
Podcast Appearances
It's much more comfortable.
to surround yourself with people who agree with you than to accept the nuance of life.
And this is the problem with a lot of political media is that
It creates much better content when people say, this is right, this is wrong.
He's right, he's wrong, to make it very explicit, binary, black and white, than it is to accept the truth, which is like, it's complicated.
I was like, who can you put?
At the end of the show, you'd be like, fine, I'm conservative.
I have an optimistic view.
And this is not a forecast because I don't have 100% faith in this.
But there are so many endless examples in history when people discount how powerful cycles can be.
And so my optimistic, my hope, it's not even a forecast, it's a hope, is that 15 or 20 years from now, we look back at this era
as when things bottomed politically from which we grew out of, we improved.
And we're gonna look back and be like, man, the 2020s were so bad and we were so divided, but that was also a bottom that we came out of, like a generational bottom.
And that sounds crazy today, but that's always been the case.
If you and I were talking about the economy in the 1930s
It would have been preposterous, completely insane to say the 1950s are going to be the greatest, most unbound prosperity, middle-class prosperity we're ever going to have.
That would have seemed insane.
If this was the 1970s and we just had a raft of political assassinations in the 60s โ John F. Kennedy, Martin Luther King, Robert F. Kennedy โ
And then Richard Nixon is impeached and resigned for Watergate.
It would have been completely insane for you and I to say, hey, do you know what?