#287 — Why Wealth Matters
Making Sense with Sam Harris
Waking Up with Sam Harris
4.6 • 29.7K Ratings
🗓️ 5 July 2022
⏱️ 50 minutes
🧾️ Download transcript
Summary
Sam Harris speaks with Morgan Housel about the psychology of money and investing. They discuss how personal history shapes one's view of economic risk, the implications of not understanding the future, being rich vs being wealthy, how we measure success, the problem of social comparison, happiness vs life satisfaction, saving and investing, Warren Buffett and the power of compounding, rational vs reasonable decisions, the role of luck, optimism vs pessimism, dollar-cost averaging, and other topics.
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Transcript
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| 0:00.0 | Welcome to the Making Sense Podcast. |
| 0:09.1 | This is Sam Harris. |
| 0:11.3 | Just a note to say that if you're hearing this, you are not currently on our subscriber |
| 0:14.8 | feed and will only be hearing the first part of this conversation. |
| 0:18.6 | In order to access full episodes of the Making Sense Podcast, you'll need to subscribe |
| 0:22.5 | at samharis.org. |
| 0:24.5 | There you'll find our private RSS feed to add to your favorite pod catcher, along with |
| 0:28.3 | other subscriber-only content. |
| 0:30.7 | We don't run ads on the podcast, and therefore it's made possible entirely through the support |
| 0:34.6 | of our subscribers. |
| 0:36.0 | So if you enjoy what we're doing here, please consider becoming one. |
| 0:40.7 | Okay, well it's been a big week for news. |
| 0:49.7 | There are many things happening in the world. |
| 0:53.6 | Of course there were the January 6th hearings, which are not at all the partisan witch-hunt |
| 1:01.6 | that Republicans are claiming. |
| 1:04.2 | Most of the witnesses have been Republicans, that should be a pretty obvious point. |
| 1:10.1 | And most have been avid Trump supporters. |
| 1:14.4 | Most of them did this lunatics bidding up until the last moment when they were staring |
| 1:20.2 | into the abyss. |
| 1:22.8 | Some of them like Cassidy Hutchinson, whose testimony was the most damaging to Trump, have |
| 1:30.5 | everything to lose from coming forward. |
| 1:33.8 | No doubt she and her family are now besieged by death threats and very real security concerns. |
... |
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