Morgan Housel

Its average annual returns going back like 30 years are 66%.

If you don't know anything about finance, that is like Michael Jordan times 50.

It's a different universe.

But look, when you've earned 66% every year for 30 years, and if you earn it next year,

Like you got richer, but you're like, yeah, that's just what this does.

That's just where I'm at.

Yeah, yeah, yeah.

That's what I expect.

And I imagine like when Taylor Swift makes a billion dollars on tour, she's like, yeah, that's just what I do.

Anything short of that is a failure.

Right, right.

I think that's always the case with anything that you do.

Yeah.

The one career profession I think is really interesting here is president of the United States.

Because you are the most powerful man in the world with anything at your fingertips.

And by the beauty of democracy, it's a short-term job.

And after being the most powerful man in the world, one day you wake up and you're just some guy named George Bush.

And there's very few careers that are like that, where you are absolutely tippity-top for a moment, but it's going to end.

And yes, you can book deals and speaking deals and have a good fortune, but you know there's going to come a specific day where nobody cares about you.

And a third one and a fourth one.