Morgan Housel
๐ค SpeakerAppearances Over Time
Podcast Appearances
So that line between bold and reckless is very, very thin and hard to know different ways in which it would have turned off.
You know, Sam Bankman Freed of FTX, who's now in jail right now for the crimes that he committed.
He's tweeting a lot.
He's tweeting.
He's trying to get a pardon.
Trying to get a pardon, yeah.
But that is another scenario where he easily, easily could have gotten away with that.
If he had kept it going for another two months, he probably could have gotten away with it.
And there's an alternative history where you and I right now, we're praising how much of a genius he was.
Those outside successes, there's a graveyard of people who made the same decisions of them and ended up with a very different outcome.
I don't know about my financial life, but as a writer, I mean, it would be literally talking my book to say it's not going to replace writers, that we're still going to be in demand.
But let's say what has changed for me as a reader, I consume a lot more content than I create.
Obviously, there's a lot of discussion and whatnot, like, will this replace not just authors, but musicians, artists of all kinds?
I'm not optimistic on that at all.
I think people really like
art and writing fits into that category as being able to connect with a fellow human.
I'll give you an example of this.
One of the best business books of the last 20 years, Shoe Dog by Phil Knight.
I'm sure half of you have read it.
It's a phenomenal book, unbelievable book about how he created Nike.