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Morgan Housel

πŸ‘€ Speaker
6219 total appearances

Appearances Over Time

Podcast Appearances

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And for a lot of them, not all of them, but for a lot of them, if you get to know them, they spend the vast majority of their day doing things that they don't want to do.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And that, to me, that still might be appealing to some people.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Or if you're not at that, you might say, look, I understand you say that, but let me experience it for myself.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Let me try to do that.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

That's always the appeal.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

So I get that.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

But of the very wealthy people I've met, some of them have truly amazing lives.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And I wouldn't say jealous, but I look at them and be like, I want to be you.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

I think there's a greater number, though, that if you get to know them, you're like, wow, that's not what I thought it would be.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

You can't.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

You're never going to meet a billionaire, except on the very few people who like accidentally got rich.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

You're never going to meet a self-made billionaire who has a kind of personality who could say, that's enough.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Let me put it all in muni bonds and go home.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

It's not, it's not there.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

The reason that they are successful is because they have the kind of personality where they cannot 24 hours a day.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

All they can think about is their business.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And,

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And even if I would say I don't want that for myself, of course, I want to be financially successful and I enjoy the work that I do.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

I'm so grateful that those people exist.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Like the vast majority of the great technology and great medicine that we all enjoy in the world came from people who were maniacally obsessed about their job, even if it came at the expense of their health, their marriage, their relationship with their kids.