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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

Not even necessarily financially, although there might be that element, but like the technology is not good enough.

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

The products aren't good enough.

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

We need more, more, more.

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

And so the lack of contentment is the seat of progress.

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

So it's not a bad thing.

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

But you can see in the individual life where if you feel like there's a hole in your soul and you just feel like you haven't done enough, you just want more, that the idea of like, oh, well, if I just keep shoveling money in that hole, then I'll get to a place where I'm good.

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

It's actually very difficult to do that.

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

Give a damn how happy you are.

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

And the other thing about with evolution is it doesn't matter how much money I have.

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

What matters is that I have more than you.

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

It doesn't matter how fast I can run.

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

It's got to run faster than you.

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

And so in a world where we are lucky enough to live in relative prosperity and abundance relative to previous eras,

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

I'm going to measure my success relative to you and the size of my house relative to yours.

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

So even if the size of my house by historical standards is enormous, if my neighbor's is bigger, then suddenly it feels tiny.

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

And there's no end to that.

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

You can easily imagine a world where our kids and our grandkids have technology and abundance that you and I cannot fathom.

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

I mean, the most what I think is like the highest odds is that our kids, maybe our grandkids will live in an era which being diagnosed with cancer is not that big a deal.

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

Maybe that's still a pipe dream, but like it's not inconceivable to imagine that.

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

And the other thing about that world is you can imagine that they won't feel any better for it.