4.8 • 5K Ratings
🗓️ 3 January 2025
⏱️ 48 minutes
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0:00.0 | Ladies and gentlemen, welcome to 2025. |
0:05.0 | It's a new year. |
0:07.0 | Question. |
0:08.0 | Are you making any New Year's resolutions? |
0:12.0 | And if so, what's going to be different this year than last year? |
0:19.0 | In other words, why do you need to make a change? Why haven't you been doing |
0:25.7 | what you now think you should do? And I'm here to say that there is one reason that is perhaps |
0:35.8 | more powerful than any other, and it's not reason itself. |
0:44.3 | Instead of reason, too often we act on incentive. |
0:52.3 | Do you make decisions based on truth and evidence or do you make decisions based on |
1:00.5 | incentive? I have a friend of mine who sometimes sends me quotes from books he's reading |
1:09.8 | and he sent me a quote from a book called Same as Ever, |
1:15.4 | a Guide to What Never Changes by Morgan Housel. And Morgan Housel is a writer, former columnist for |
1:25.4 | the Wall Street Journal. He's a speaker. |
1:29.1 | He's written books mostly on investments and money, and that's what this book is centered on. |
1:34.9 | Same as ever, a guide to what never changes. |
1:37.6 | In fact, Grock AI, that's Twitter or X's AI, says, this book delves into the behaviors and aspects of human |
1:47.7 | nature that remain constant over time, offering insights into how understanding these can |
1:56.0 | lead to a better life and better financial decisions. |
2:01.6 | And so I haven't read the whole book, just some excerpts. |
2:05.4 | And here's an excerpt. |
2:07.4 | And I want to see if you agree with this because I think he's spot on here. |
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