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Morgan Housel

๐Ÿ‘ค Speaker
3750 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Because there's also a lot of people, particularly in finance, who I can say, man, career-wise, you did amazing.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

But as I get to know you, I realize that your home life isn't that great and your health isn't that great.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Or maybe you don't actually enjoy your life.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And so do I actually want to chase what you've achieved?

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Like, no, maybe not.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And so you ask what inspires me.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

I think it's that.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Having people in your life that you look up to and you can use as a North Star is important.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

The other that I think is really important, I think this was a Buffett line.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

He said, it's really good to have people in your life who you don't want to disappoint.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Nothing is a bigger motivator in life than having a couple people, rarely more than that, that you really don't want to disappoint.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

I really desperately do not want to disappoint my wife and kids.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

I really don't want to disappoint my parents.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

That's fundamental.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

I think most people will have their own version of that, but something like that.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And nothing is more of a motivator than that to want to live a good life.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

I think in a healthy way, I can have a very split personality of, on one hand โ€“

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

I can say, man, I'm really good at what I do and I'm achieving a lot and this is amazing.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And then I can very quickly flip a switch and say, I'm a nobody and I've done some really bad work lately.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And I think on balance, that's a pretty healthy personality because if you only have the ego side, you're going to run yourself off a cliff.