Morgan Housel
π€ SpeakerAppearances Over Time
Podcast Appearances
He's wearing like a shirt that's way too big for him and his dirty jeans.
And people love him.
They love every second of it.
Because what you love them for is their comedy, obviously.
It's a rare situation where I'm like what I value you for has nothing to do whatsoever with your financial success.
And so you guys are like the relationship between money and power.
If you're talking about like a businessman or an entrepreneur, you might measure their success based off of their net worth.
If you're talking about, if your favorite athlete had a gambling addiction and lost all their money, but they're still just so much fun to watch on the court, you wouldn't care that much.
And there's a lot of athletes who did fit that bill.
And comedians who might fit that bill.
If this is not the case, but if my favorite comedian, if I found out like he hasn't figured out how to monetize it yet and the guy's actually broke and lives in a tiny apartment, I don't care.
I'm going to watch every special because I value them for something more than money.
And that's true for your best friends.
I wrote about this in the book.
One of my best friends, I've known him for 20 years,
the best guy i know i have so much fun hanging out with this guy and i've known him forever and of our peer group he makes by far the least amount of money by far the least amount of money and it really bothers him and he talks about how inferior he feels and whatnot and i told him one day i was like if you are a funny joke teller and a good friend you're fun to hang out with i love our conversations you're working hard to support your family you're a good dad you're a good husband you're a good citizen if you do those things
You've earned 90% of the points that I am willing to give anybody.
If you also happen to be rich and successful, I might bump you up to like a 9.2.
But let's not pretend that like what I enjoy about you and like about you.
I think in some ways this is unavoidable.