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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

And that's what feels good.

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

That's why the daydream is fun to do.

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

But

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

By and large, when you imagine that good feeling, it's not happiness.

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

You imagine yourself in the house being like, this is it.

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

It's all I need.

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

I don't need, this is the peak of what I need.

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

More often what happens is if you are in that house, you're like, oh man, look at my neighbor.

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

Like their yard's a little nicer, isn't it?

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

Or like, oh, like I got this kitchen, but like I saw this picture on Instagram.

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

What if we remodeled it?

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

Like what actually happens is you don't have a level of contentment.

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

And I don't think contentment is a dirty word.

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

It's not a bad thing, particularly overall in the economy.

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

I want to live in a world

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

where most people, particularly smart people, wake up every day and they're like, this isn't enough.

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

We need more innovation.

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

We're going to start more successful businesses.

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

That is the root of all progress, is that the majority of people wake up every morning and say, this is not enough.

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

And the people who are monstrously successful, Elon Musk and Jeff Bezos, they wake up still, I guarantee you Elon Musk wakes up every day worth $400 billion saying, this isn't enough.