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Motley Fool Hidden Gems Investing

Money Lessons from Gandhi, Dante, and Chimpanzees

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 15 May 2022

⏱️ 24 minutes

🧾️ Download transcript

Summary

You might not think of your money as a flock of sheep, but Dr. Martha Beck does. And it makes more sense than you’d imagine. A best-selling author and life coach, Beck joins Motley Fool contributor Brian Stoffel to discuss: - Why you should ask yourself “how much is enough?” - How to align your investments with a personal mission statement - And yes, financial lessons from chimpanzees Host: Brian Stoffel Guest: Martha Beck Producer: Ricky Mulvey Engineers: Dan Boyd, Spencer Daniel Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I had a study several actually where they had chimpanzees and they would give them food

0:04.9

directly or they started giving them these tokens.

0:08.2

I think they were poker chips or something and they had to trade those for food.

0:12.7

Well, when they just fed them, the chimps behaved normally.

0:15.8

As soon as it became a token economy, they went nuts.

0:19.1

They started killing each other for tokens.

0:21.5

They were hoarding them.

0:22.6

They were obsessed with them.

0:30.1

I'm Chris Hill and that was Dr. Martha Beck, that selling author and life coach.

0:35.3

Our latest book, The Way of Integrity, was recently selected for Oprah Winfrey's book

0:40.0

club.

0:41.1

Think of this episode as a way to help you think about what your investments represent beyond

0:46.6

stock tickers and maybe create a healthier connection between you and your money.

0:52.0

A lot of people who are not the full contributor Brian Stilful talked with Dr. Beck about why

0:55.9

you should ask yourself how much is enough, how to align your investments with your own

1:00.7

personal mission statement and financial lessons from chimpanzees.

1:09.3

I was hoping that you could talk a little bit about because you've coached so many people

1:13.8

and you've got so many interesting stories about coaching people who we might look at and

1:20.8

say they've got it all.

1:22.8

You have the inside story where you're like, well, that's not quite the case.

1:29.0

Can you relate some of those stories, especially the one you tell a lot, I think is very apropos

1:34.4

to this about the young man whose company went public.

...

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