12 Unexpected Laws Of Human Psychology - Morgan Housel - #746

About this episode

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 what reasonable optimism looks like, the difference between overnight tragedies and long term miracles, what we can learn by the divorces of the richest men on the planet, how people become victims of perfection, why most competitive advantages eventually die and much more...  Sponsors: See discounts for all the products I use and recommend: https://chriswillx.com/deals Get a 20% off all Momentous orders and up to 32% off new customer subscriptions at https://livemomentous.com/modernwisdom (automatically applied at checkout) Get 10% discount on all Gymshark’s products at https://bit.ly/sharkwisdom (use code MW10) Get $150 discount on Plunge’s amazing sauna or cold plunge at https://plunge.com (use code MW150) Timestamps: (00:00) What is Rational Optimism? (01:15) The Benefits of Stress for Innovation (11:04) Good News Takes a Lot of Time (14:51) Why Is Bad News More Memorable? (21:25) Progress Requires Pessimism & Optimism (28:55) Hiring the Greatest Leaders (35:30) What Do You Think is Productive But Isn’t? (41:58) Good Things Are Supposed to Be Hard (51:56) Most Competitive Advantages Die Out (59:21) Never Discount the Potential of New Technology (1:04:12) Why Success Looks Easier than it is (1:10:57) Incentives Are the Most Powerful Force in the World (1:16:20) Nothing is More Persuasive than What You Personally Experience (1:20:02) The Tension of a Long-Term Mindset (1:31:07) Why Humans Are Seduced by Complexity (1:34:32) Who Would You Be if You Were Born to Different Parents? (1:40:23) Why the Richest People in the World Are Divorced (1:47:20) Where to Find Morgan Extra Stuff: Get my free reading list of 100 books to read before you die: https://chriswillx.com/books Try 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 - Get In Touch: Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/modernwisdompodcast Email: https://chriswillx.com/contact - Learn more about your ad choices. Visit megaphone.fm/adchoices