Morgan Housel

But if he never tried to start it, he would regret it.

And so it was an easy, of course he has to do it because he wants to have as few regrets as possible.

But I just think that very simple framework of the overarching goal in life, if you have like, what is the base of the pyramid for how to live a good life?

You want to have as few regrets as possible.

Not take as few risks as you can, just have as few regrets as possible.

And I think what's hard is that people by and large don't have a good concept of what they will regret.

it's easy to do because a lot of things kind of compound slowly.

So, uh,

If you eat a poor diet or if you're like not treating your friends as well as you should, that's like a slow thing.

You might regret it eventually, but you're going to look back.

But in real time, you don't really understand what you're doing.

So to have a good sense of what you're going to regret is a difficult thing.

But to me, that's the ultimate goal in life.

There is a, you know, I heard the story one time of a guy who his last words on his deathbed were so much wasted time.

Those are his last words.

And I remember thinking like, that's as bad as it comes to be on your deathbed and look back and being like, man, what a regret.

I'm just filled with regrets of the things you didn't do, of the way that you treated people, of the risks that you didn't take.

And so I think that if there is an overarching philosophy, it's that.

And I ask myself a lot, like, do I have a good sense of what I'm going to regret?

And for every decision that I make, do I ask myself,