Two Big Stories That Help Explain Today's World
The Morgan Housel Podcast
Morgan Housel
4.9 • 1.1K Ratings
🗓️ 1 October 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
We became aware of each other at the same time we grew apart financially, and the psychology of when news went from local to national to global.
Transcript
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| 0:00.0 | Welcome back. |
| 0:09.0 | Let me start today with just a very quick little story. |
| 0:12.2 | Three days after Ronald Reagan was inaugurated as president of the United States, |
| 0:17.0 | New York City City Council president, her name was Carol Bellamy, joined a group of speakers at a luncheon |
| 0:22.2 | to discuss the future of the United States. And this group tried to make sense of a world that was back |
| 0:28.1 | then hardly recognizable from a generation before. At this time in 1981, crime and inflation and |
| 0:35.3 | unemployment were surging, and speakers offered visions of what might |
| 0:39.3 | happen next and bellamy stepped in and said they were all misguided because nobody was discussing |
| 0:46.3 | what she said was where we've been and until we know that it's difficult to figure out where we're |
| 0:52.1 | heading what i want to talk about today are two of |
| 0:55.5 | those ideas. If you are trying to make sense of the world today in the year 2025, economically, |
| 1:01.7 | politically, technology, AI, whatever it might be trying to make sense of the world today and where |
| 1:06.6 | we're going, it helps to make sense of where we've been. Everyone likes to look ahead and make |
| 1:12.3 | predictions, but the best way you're going to make any kind of prediction is to understand the deep |
| 1:16.4 | roots of what God is here to begin with. Now, that topic could be endless. You could write |
| 1:21.2 | a thousand books on that topic of where we've been, socially, economically, politically, |
| 1:26.6 | technology, businesses, and investments. |
| 1:28.8 | But I want to bring up two ideas today that I think about quite a bit, that I think have an |
| 1:34.7 | outsized impact on the state of the world today. |
| 1:39.8 | All right, number one. People grew apart financially at the same time that they became connected |
| 1:46.3 | digitally, which exacerbates tribal instincts and exposes you to people who don't see the world as you do, |
| 1:54.2 | who become easy targets for criticism and blame. To understand why so many people are angry |
... |
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