Episode
#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
1:15:42
Published: Mon Jan 09 2023
Description
Morgan Housel is an author. His bestselling The Psychology of Money has sold over 2 million copies (and become one of my favorite books in the process!). In this conversation, we spoke about innovation, reading old newspapers, maintaining curiosity, how ChatGPT will impact writers, his interview with Ryan Holiday, how to get in contact with your heroes, and much more. (0:00) Intro (2:25) The Ski Trip That Changed Morgan’s Life (11:22) 90% Of Virality Is Luck (14:06) Obsessed With Writing? (16:05) Research Process (19:08) Choosing What To Read (22:53) Why Do Some Things Hit Us? (24:32) Morgan Starstruck By Jason Zweig (28:05) How To Get In Contact With Your Heroes (30:59) Downsides To Fame (34:05) Happiness & Meaning (43:33) Free Time Post-Retirement (48:25) Raising Children (55:10) Curiosity (58:20) Reading Old Newspapers (1:01:03) Optimism (1:02:44) Morgan’s Money Rule (1:07:06) Innovation (1:10:23) ChatGPT (1:13:08) You’re Not Special (1:14:46) Challenge - Morgan's Links: • Twitter: https://twitter.com/morganhousel • The Psychology of Money: https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681 • Morgan's Writing: https://collabfund.com/blog/authors/morgan/ • Three Sides of Risk by Morgan Housel: https://collabfund.com/blog/the-three-sides-of-risk/ - My Links ✉️ Newsletter: https://dannymiranda.substack.com 🎙 Podcast: https://anchor.fm/dannymiranda 🎥 YouTube: https://youtube.com/dannymiranda 🐣 Twitter: https://twitter.com/heydannymiranda 📸 Instagram: https://instagram.com/heydannymiranda 🕺 TikTok: https://tiktok.com/@heydannymiranda
Chapters
Ski buddies turned financial journalists, Morgan Housel and Patrick O'Shaughnessy discuss raising children, innovation, the future of writing, and Housel's thoughts on GPT.
00:01 - 02:48 (02:46)
Summary
Ski buddies turned financial journalists, Morgan Housel and Patrick O'Shaughnessy discuss raising children, innovation, the future of writing, and Housel's thoughts on GPT.
Episode#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
PodcastThe Danny Miranda Podcast
The speaker reflects on how the small decisions we make can have a big impact, even though we may not be aware of them.
02:48 - 10:34 (07:46)
Summary
The speaker reflects on how the small decisions we make can have a big impact, even though we may not be aware of them. They discuss the realization that our choices are powerful and should be made thoughtfully.
Episode#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
PodcastThe Danny Miranda Podcast
The success of creative endeavors and entrepreneurs often involves an element of luck that cannot always be controlled.
10:34 - 19:26 (08:51)
Summary
The success of creative endeavors and entrepreneurs often involves an element of luck that cannot always be controlled. This is exemplified by the importance of unintentional, offhand sentences in books and blog posts, as well as in the success of certain companies.
Episode#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
PodcastThe Danny Miranda Podcast
Being open minded can allow you to discover new ideas and interests that you may have never considered otherwise, such as finding interest in a topic that you initially had no desire to learn about.
19:26 - 24:02 (04:36)
Summary
Being open minded can allow you to discover new ideas and interests that you may have never considered otherwise, such as finding interest in a topic that you initially had no desire to learn about.
Episode#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
PodcastThe Danny Miranda Podcast
The fear of reaching out to successful people in your field can be daunting for young professionals.
24:02 - 30:18 (06:15)
Summary
The fear of reaching out to successful people in your field can be daunting for young professionals. Taking the initiative to connect with these individuals, even if it's just for a coffee meeting, can be invaluable to career growth.
Episode#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
PodcastThe Danny Miranda Podcast
As platform scaling allows for more people to appreciate your content, it also amplifies negative feedback.
30:18 - 37:27 (07:09)
Summary
As platform scaling allows for more people to appreciate your content, it also amplifies negative feedback. However, responding to even the smallest positive interactions can make a lasting impact on your audience.
Episode#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
PodcastThe Danny Miranda Podcast
The speaker challenges the societal norm of measuring one's worth by their job title and encourages measuring success by happiness and how one spends their free time.
37:27 - 43:36 (06:08)
Summary
The speaker challenges the societal norm of measuring one's worth by their job title and encourages measuring success by happiness and how one spends their free time.
Episode#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
PodcastThe Danny Miranda Podcast
The episode explores the importance of having progress and purpose in life versus doing nothing and retirement.
43:36 - 47:11 (03:35)
Summary
The episode explores the importance of having progress and purpose in life versus doing nothing and retirement. The hosts discuss a story of someone who started a home building company after retiring and how they wake up every day with a sense of accomplishment.
Episode#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
PodcastThe Danny Miranda Podcast
The interviewer discusses the importance of providing helpful tools for individuals to gain confidence in their abilities to launch their goals instead of just doing everything for them.
47:11 - 56:30 (09:19)
Summary
The interviewer discusses the importance of providing helpful tools for individuals to gain confidence in their abilities to launch their goals instead of just doing everything for them.
Episode#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
PodcastThe Danny Miranda Podcast
Saving for excess is important when preparing for risks that you cannot envision.
56:31 - 1:07:35 (11:04)
Summary
Saving for excess is important when preparing for risks that you cannot envision. Being aware of potential risks and considering life in a different time and place can increase curiosity and understanding of the world.
Episode#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
PodcastThe Danny Miranda Podcast
The potential of GPT-3 technology lies in its ability to distill lengthy documents into more concise summaries or assist writers in overcoming writer's block.
1:07:35 - 1:12:52 (05:16)
Summary
The potential of GPT-3 technology lies in its ability to distill lengthy documents into more concise summaries or assist writers in overcoming writer's block. While the technology is still in its early stages, it has the potential to greatly impact and revolutionize various industries.
Episode#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
PodcastThe Danny Miranda Podcast
The guest emphasizes the importance of self-awareness in personal success and cautions against blindly following the success of others.
1:12:52 - 1:15:39 (02:47)
Summary
The guest emphasizes the importance of self-awareness in personal success and cautions against blindly following the success of others. They also discuss the role of luck in achieving virality.