Morgan Housel

I think if you got me on the therapist's couch, you would pull something like that out of me.

And so everybody has their own little version of this in some degree in their own unique ways that influences how we think about and spend money.

I think it can be.

I'm wearing a, you know, I'm dressed like this.

I don't dress like this on Saturday at my house, but I want to fit in and be appropriate for you and your audience.

So is that signaling?

You know, if I was, if nobody was watching, I would not wear a collared shirt like I am right now.

I'd be wearing a t-shirt and some dirty shorts or something, right?

So, and so in my, come on, it's a clean shirt at least.

That's a nice looking shirt.

But so is this, is this, is this signaling?

Like, yeah, probably.

But I think, but it's perfectly fine because I'm not signaling to show off.

I'm signaling to fit in and be accepted, which is a little bit different.

And so there's always a degree of, of fitting in, whether that is, you know, manners and being polite to other people.

Is it that you actually – when you say thank you to people, someone who does something nice for you, waiter comes and fills up your water glass, you say thank you.

Is it because you are truly grateful for it, which might be the case, or is it just like that's the appropriate thing to do?

It's just –

proper manners to do that.

Is that signaling?