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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

And I never want to or think about pandering to you, to the audience.

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

And so there's part of me that is inherent in that where I'm just like, I really don't really care what other people think of these, good or bad.

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

I'm just kind of writing them for myself.

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

But it's true that, you know, my first book, Psychology of Money, first print runs 5,000 copies, ends up selling about 10 million and counting kind of thing.

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

great, amazing, but it also sets the expectations of myself and other people to a different degree.

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

And so when my second and now third book comes out, it's always judged relative to that.

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

And good problem to have, ultimate first world problem.

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

But you see what's the irony of it is I write about, including in Same As Ever and Psychology of Money and the new book, The Power of Expectations, and how anything amazing can feel terrible if your expectations are high enough.

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

And anything terrible can feel amazing if your expectations were low enough.

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

It is the ultimate arbiter of how you're going to feel about something.

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

And I knew this going into it, that even if Same As Ever โ€“

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

was a book that I was very proud of, which it is, and sold well, which it did.

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

It was always gonna be by comparison to this thing, Psychology of Money, my first book, that would be graded against it.

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

And even if I knew going into it, I'd be lying if I said it wasn't hard.

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

It was hard.

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

I've talked to other authors who've been in similar situations.

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

And I think other kind of artists who have this thing, whether you're a musician or actors or whatnot,

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

If your early success was big, it's very difficult to live up to.

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

I will kind of name one example of this that I saw recently because I think they're big enough that I'm allowed to criticize them a little bit.

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

And everyone has a different taste in music.