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 tragedies of perfection, why most competitive advantages eventually die and much more... - 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 - Get access to every episode 10 hours before YouTube by subscribing for free on Spotify - https://spoti.fi/2LSimPn or Apple Podcasts - https://apple.co/2MNqIgw Get my free Reading List of 100 life-changing books here - https://chriswillx.com/books/ Try my productivity energy drink Neutonic here - https://neutonic.com/modernwisdom - Get in touch in the comments below or head to... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx Email: https://chriswillx.com/contact/