Morgan Housel

to everyone or even many people.

And I think it is unique to my personality, but that's the point.

How you allocate your money is unique to your personality.

And I hope you don't judge me and I wouldn't judge you if you do it very differently.

I think that's the most important part.

It's less about what do I do and more the idea that I do it because I'm me and I'm not you.

Mark Zuckerberg is a very interesting case study here because at least from the appearance, I don't know him.

So maybe this is just a fake outward appearance.

Up until like five years ago, he was the frugals billionaire you can imagine.

I think he had a jet for security reasons, but lived in a modest house, drove an Acura, at least gave the appearance of living.

And in the last five years, I think he's been like, screw it, we ball, let's go.

Bought a yacht, has like a $10 million watch collection, bought everything, which he deserves.

He's one of the richest men of all time.

But it's interesting if it is true that there was like, oh, I used to be frugal, but now I'm doing this.

And I really don't judge that either.

Maybe he was happy and content living a modest lifestyle, but then he was like, man, I love watches.

I love the artistic value.

I love the engineering value of them.

So even when people go through big changes, I think it's like, great, if that works for you, that's wonderful.

And we can contrast that against Buffett, who we talk a lot about, who obviously does not have $10 million watches and a yacht.