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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

I felt like I had a great life, loved what I did, made enough money for my family to be totally happy and have some sense of independence.

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

And then I wrote a book 15 years into it that I never expected to do anything, and the publisher didn't expect to do anything, but massively increased the trajectory of my career.

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

And

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

It felt great.

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

It felt amazing for, I want to say a year.

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

And then it became, this is just where I'm at now.

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

I think what, the reason happiness is a fleeting emotion, which it is, most people are never happy for more than a short period of time.

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

It's a great emotion, but it's always fleeting, is because what makes you happy is surprise.

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

It's experiencing something that you genuinely did not expect.

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

And so when I had this bump in my career, there was a period of surprise.

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

I never expected this to happen.

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

And then after a period of time, it was like, okay, now I'm used to this trajectory and this is where we're at.

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

So I think even when you're on a higher trajectory, you can get used to it very quickly.

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

But even if you're on this, like even if you're still, so there's a hedge fund called Renaissance Technologies.

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

It's the most successful hedge funds ever existed.

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

No way.

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

I've never even heard of it.

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

So it's not open to outside investors.

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

It's pretty much only employees get to invest in it.

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

And it is in a universe of its own.