How We Used to Live (Levittown, Progress, and Expectations)
The Morgan Housel Podcast
Morgan Housel
4.9 • 1.1K Ratings
🗓️ 24 April 2025
⏱️ 22 minutes
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Summary
Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Transcript
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| 0:00.0 | One of my favorite quotes is from David Packard, who once said, more businesses die of indigestion |
| 0:06.2 | than of starvation. I see this all the time. It is so common with money, whether it is for you |
| 0:12.2 | individually or for your business, that people get so tangled up in the big complex projects |
| 0:17.3 | that they drop the ball on the small stuff. To do well over time, you have to get the |
| 0:22.1 | simple stuff right first. And one of those fundamentals in business that often gets overlooked |
| 0:27.7 | is expense management. And that is why 25,000 businesses use Ramp. Ramp is a corporate |
| 0:34.9 | card that includes the best expense tracking and reporting software that I have |
| 0:39.1 | ever seen. It makes expense management so simple by automatically capturing every transaction |
| 0:45.1 | the moment a card is swiped. For listeners of the show, Ramp is offering metal cards for the next 30 |
| 0:50.4 | days. Just go to Ramp.com slash Morgan. That's Ramp.com slash Morgan. That's ramp.com slash Morgan. Cards are issued by Sutton Bank |
| 0:59.2 | number FDIC. Terms and conditions apply. |
| 1:07.9 | Before I start today's episode, I want to share with you an article that I just stumbled |
| 1:12.3 | across just before I hit record just now that I thought was so fascinating and got me thinking |
| 1:18.0 | about a lot of different things. |
| 1:19.8 | There's an article in Scientific American that talked about these eye doctors who recently, |
| 1:26.2 | I have no idea who would sign up to do this experiment, but these |
| 1:29.0 | eye doctors, he basically did a very extreme form of LASIC eye surgery on five patients to |
| 1:35.4 | manipulate their retinas. And after the surgery, this was the idea, these patients, there are five |
| 1:42.7 | of them, can now see a color that you and I and everybody |
| 1:47.5 | else cannot. Now, by definition, it's impossible to explain what that color would be, |
| 1:52.9 | because, like, how do you explain the color red to someone who's never seen red before? |
| 1:56.5 | It's impossible. It's just red. And so this color, they explain it as a version of teal with a level of |
... |
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