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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

They created something amazing, and that's why they got successful.

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

Yeah, I think we should be almost the most grateful for people in society who created amazing technology and amazing things at the expense of their own happiness that we all get to benefit from now.

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

David Senra has profiled 400 of the most successful entrepreneurs.

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

He's done such a good job doing it.

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

And he says of the 400 entrepreneurs he's profiled, there's two that

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

whose lives that he thinks that he would actually want to live.

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

Who are they?

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

One is Ed Thorpe, who was a card counter in Vegas and then a hedge fund manager and had just an amazing personal life on the side.

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

Just amazing family, incredible health.

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

I think he's still around.

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

I think Ed Thorpe is 90 years old and genuinely looks...

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

55.

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

Incredible life.

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

But of the other, you know, 399 people that he's profiled, it's that person created something amazing, built an incredible thing, an amazing amount of wealth, technology that we all benefit from.

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

And we should worship that person or admire that person.

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

And I would never want to be them.

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

Yeah, I think the vast majority of successful entrepreneurs, with the exception of maybe hedge fund managers, were not chasing the money.

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

They were absolutely fascinated with the problem that they were trying to solve, but they weren't doing it just to get rich.

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

The money came.

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

It eventually came.