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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

Yeah, it was just a better story.

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

But you see that everywhere of just the person who can tell the best story.

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

This is why a lot of, the example I like to use is Bill Bryson, fantastic author, one of the greatest authors of our times, written some amazing books.

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

And my understanding is that if you are an academic historian, you know, if you're a Harvard historian, by and large, you don't like Bill Bryson because you consider him a pop historian is what they would call him.

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

And to me, pop historian just means you're a good writer.

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

It just means that you can communicate things better than the academics who are writing in the most dense, verbose language that nobody wants to read.

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

And so if you can, I think there's a lot of room in the world for people to take really good ideas from academics who have no communication ability and just explain them a little bit better.

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

You can move mountains doing that.

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

Both of us?

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

It's a great thing to do.

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

I mean, this is what the internet and social media has done so well is it's just turned a lot of things into a pure meritocracy.

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

It's so fucking egalitarian.

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

Nobody gives a shit where you went to school.

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

If you can tell a good story, you go straight to the top.

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

Now, that can be gamified, of course, on social media in a way that can be kind of nasty.

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

When people learn that the right way to get attention on X is to do this and say that and rage bait and whatnot, you can gamify that.

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

But still, it is 100,000 times more meritocratic than it was 20 years ago.

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

Yes, yeah, people, yeah.

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

That's good.

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

You want to make the other person feel good about themselves.