What Never Changes: Morgan Housel

New York Times bestselling author Morgan Housel returns to On Leadership a second time to discuss his newest book, Same as Ever: A Guide to What Never Changes. Morgan emphasizes that success with money is not about intelligence or specific advice, but rather about understanding one's own behavior and mindset. He also talks about the importance of managing expectations and recognizing that happiness is relative to one's own circumstances and the expectations of others. He discusses the concept of "calm planting the seeds of crazy," explaining that periods of calm and success can lead to complacency and a lack of innovation.

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18:00 such a dumb statement, Yes the the earnings grew by let's say 2× but price more than 2×, you could buy a house much cheaper then it is today it's not the expectations that is the problem it's the fucking inflation.