Morgan Housel
๐ค SpeakerAppearances Over Time
Podcast Appearances
Because there's also a lot of people, particularly in finance, who I can say, man, career-wise, you did amazing.
But as I get to know you, I realize that your home life isn't that great and your health isn't that great.
Or maybe you don't actually enjoy your life.
And so do I actually want to chase what you've achieved?
Like, no, maybe not.
And so you ask what inspires me.
I think it's that.
Having people in your life that you look up to and you can use as a North Star is important.
The other that I think is really important, I think this was a Buffett line.
He said, it's really good to have people in your life who you don't want to disappoint.
Nothing is a bigger motivator in life than having a couple people, rarely more than that, that you really don't want to disappoint.
I really desperately do not want to disappoint my wife and kids.
I really don't want to disappoint my parents.
That's fundamental.
I think most people will have their own version of that, but something like that.
And nothing is more of a motivator than that to want to live a good life.
I think in a healthy way, I can have a very split personality of, on one hand โ
I can say, man, I'm really good at what I do and I'm achieving a lot and this is amazing.
And then I can very quickly flip a switch and say, I'm a nobody and I've done some really bad work lately.
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.