Morgan Housel is a partner at The Collaborative Fund, an investor and an author.
The world continues to change, but the hairless apes that inhabit it stay the same. So there must be some laws of human psychology which remain true, no matter what time and place you're in, and today we get to go through some of the most fascinating ones.
Expect to learn the problem with the way most people make predictions, who exactly are the reasonable optimists, whether anyone was able to predict the great depression, just how different median income for families differs from the 1950s to today, why trajectory is much more important than position, why stories are more powerful than statistics and much more...
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Timestamps:
(00:00) What People Get Wrong When Making Predictions
(03:50) The Fragility of History
(15:35) Having a Positive Relationship with Risk
(20:50) The World is Driven By Envy
(25:04) Why You Can’t Base Happiness Off Wealth
(32:39) The Mental Difficulty of Maintaining Success
(41:56) How to Feel More Content With Life
(51:58) Why People Desire Certainty
(1:00:43) How Successful People Made Huge Decisions
(1:07:30) How Morgan Writes His Books
(1:18:40) Our Own Logic Can Lead Us Astray
(1:26:15) Calmness Precedes Craziness
(1:35:09) Are We Competing Against Other Generations?
(1:42:10) Life Lessons From the Tallest Man Ever
(1:47:07) Where to Find Morgan
Extra Stuff:
Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/
Buy my productivity energy drink Neutonic: https://neutonic.com/modernwisdom
Episodes You Might Enjoy:
This Is How To Master Your Life - David Goggins - #577: lnkfi.re/SN-Goggins
How To Destroy Your Negative Beliefs - Dr Jordan Peterson - #712: lnkfi.re/SN-Peterson
The Secret Tools To Hack Your Brain - Dr Andrew Huberman - #700: lnkfi.re/SN-Huberman
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