What the World’s Richest and Most Powerful People Get Wrong (with Stephanie Ruhle)
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Why do the richest and most powerful people often misunderstand success?
Welcome to the Daily Stoic Podcast, designed to help bring those four key stoic virtues, courage, discipline, justice, and wisdom into the real world. We think it's gonna give us power, right? We think it's gonna give us autonomy. We think it's gonna give us control. This is what money and success and politics are about. Except this goes all the way back to the Stokes, it rarely ends up that way. Like You think you're gonna have the job, and in fact, the job ends up having you. You think you're gonna have the title, the title ends up having you. You think Marcus Aurelius has it made. And in fact, Marcus Aurelius is probably the least free man in Rome. That that's the fascinating thing about Epictetus' writings, is like Epictetus is a slave in the court of Nero, but he looks around and he realizes that he has it better than most of these people.
Certainly has it better than the than the Emperor who is vain and paranoid and delusional and insecure. and a a slave to his appetites, a slave to his ego. Like we think this thing is gonna give us control over the world, and in fact we are handing over control. Money, power, and politics, these are these are perennial themes in the Stoic writings. We have the Stoics in positions of power. We have them on the outside lamenting and philosophizing about. people in power. Seneca is fascinating because he's both, right? He is consul, he's the advisor to the emperor, he is rich, and he's also incredibly critical of fellow Romans who are obsessed with success, who are obsessed with money. You know, at one point he says, uh, slavery resides under marble and gold.
He never really comes out and explains his own experiences, but we We get the sense that he's speaking from experience. And certainly his plays are incisive cultural commentary, although he couldn't come out and say certain things. His plays are cultural commentary on all about this. That's what we're going to talk about in today's episode. Stephanie Rule has spent a career around some of the wealthiest and most powerful people in the world. Before she was a journalist and a television host, She spent almost 15 years working in finance. And then she joined Bloomberg Television. She hosted the show The 11th Hour, which I've been on a couple of times. And now she hosts Money, Power, and Politics with Stephanie Rule on MS Now.
She has interviewed everyone: Donald Trump, Joe Biden, Kamala Harris, CEO of JP Morgan Chase, Jamie Diamond, obviously the New York City mayor and the founder of Bloomberg. Michael Bloomberg. And so I wanted to ask her about that, you know, with this new show, Money, Power, Politics. That's what I wanted to talk about, because these are perennial themes in Stoic philosophy. Stephanie and I are talking about what money can and can't solve, how the pursuit of success can become its own form of captivity, and why checks and balances are there, not just to protect the people, but to protect. The leaders from their worst instincts. I love talking with Stephanie. As I said, I've been on the show a couple times.
She interviewed me last year at the 92nd Street Y. We had an amazing conversation. I'll link to that in today's show notes. You can follow her on Instagram at Steph Rule and watch the show. Money, Power, Politics with Stephanie Rule on MS Now. I think you will like it. Let's just get into it. If you've ever talked to your bank or cell phone company or insurance or whatever, you know, customer service where you're talking to robots and you get in that endless loop. Ugh, it's not fun for you and I, the customers. It's also not great for the company, right? They know they're not serving their customers well. When a person has to intervene, that person is dealing with someone who's mad at them. It's a whole system that I think is due for a rethink, and that's where 11 agents come in.
11 Agents is a platform for AI voice and chat agents that can actually listen, understand, and resolve customer agents. Customer issues. They can look up your account, they can process requests, and then they hand it off to a person when needed.
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Chapters
8 chapters
1
Why do the richest and most powerful people often misunderstand success?
0:00–9:51
2
How does Stephanie Ruhle’s finance background shape her view on money and power?
9:51–18:04
3
What can money really solve and where does it fall short?
18:04–27:02
4
Why does pursuing a dream often feel like a personal sacrifice?
27:02–37:38
5
How do politicians and CEOs handle the pressure of endless ambition?
37:38–46:44
6
What role do checks and balances play in preventing systemic collapse?
46:44–55:19
7
How does the modern media bubble affect the decisions of the elite?
55:19–1:04:23
8
What does true wealth look like beyond financial assets?
1:04:23–1:12:16
Speakers
1 identifiedMore from The Daily Stoic
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