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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

He's wearing like a shirt that's way too big for him and his dirty jeans.

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

And people love him.

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

They love every second of it.

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

Because what you love them for is their comedy, obviously.

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

It's a rare situation where I'm like what I value you for has nothing to do whatsoever with your financial success.

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

And so you guys are like the relationship between money and power.

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

If you're talking about like a businessman or an entrepreneur, you might measure their success based off of their net worth.

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

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.

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

And there's a lot of athletes who did fit that bill.

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

And comedians who might fit that bill.

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

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.

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

I'm going to watch every special because I value them for something more than money.

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

And that's true for your best friends.

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

I wrote about this in the book.

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

One of my best friends, I've known him for 20 years,

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

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

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

You've earned 90% of the points that I am willing to give anybody.

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

If you also happen to be rich and successful, I might bump you up to like a 9.2.

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

But let's not pretend that like what I enjoy about you and like about you.

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

I think in some ways this is unavoidable.