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Assured Misery
alex and added
The hardest financial skill is getting the goalpost to stop moving.
But it’s one of the most important. If expectations rise with results there is no logic in striving for more because you’ll feel the same after putting in extra effort.
Modern capitalism is a pro at two things: generating wealth and generating envy. Perhaps they go hand in hand; want
... See moreMorgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Jennifer Baez added
I think it’s often hard to distinguish high expectations from motivation. And low expectations feels like giving up and minimizing your potential. The only way around that might be recognizing two things. One is the constant reminder that wealth and happiness is a two-part equation: what you have and what you expect/need. When you realize that each
... See moreMorgan Housel • Same as Ever: A Guide to What Never Changes
“Enough” is not too little.
The idea of having “enough” might look like conservatism, leaving opportunity and potential on the table.
I don’t think that’s right.
“Enough” is realizing that the opposite—an insatiable appetite for more—will push you to the point of regret.
Reputation is invaluable.
Freedom and independence are invaluable.
Family and friend
... See moreMorgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Jennifer Baez added
a lot of celebrated qualities are incompatible with each other. Ambition often comes with discontent; focus with rigidity; contentment with complacency. A couple that does everything together probably has fewer close friends. A social butterfly might have a messy house. These are crude examples, but it’s worth remembering that we all have to assess... See more
One way to spot people who are good at solving poorly defined problems is to look for people who feel good about their lives; “how do I live a life I like” is a humdinger of a poorly defined problem.
Adam Mastroianni • Why aren't smart people happier?
Who do I look up to that is secretly miserable?
Morgan Housel • Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life
Kaustubh Sule added
. Answer Best Fund Managers are secretly miserable