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The Morgan Housel Podcast

Why Pessimism Sounds So Smart

The Morgan Housel Podcast

Morgan Housel

Business

4.91.1K Ratings

🗓️ 15 November 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

If you're a student of history, you know that most things have gotten better for most people over time. But read the news and what do you hear? Pessimism, pessimism, pessimism. 

There are several reasons why. 

Special thanks to my friends at Readwise -- check out Readwise.IO/morgan.

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is brought to you by my friends at Readwise.

0:04.3

Readwise is an app that I have used for many years and that I have found so useful, not

0:09.1

just as a writer, but as a person who likes to read and learn.

0:13.4

Readwise helps you keep track of all the highlights that you have made, not just in books

0:18.0

that you read, but also anything online that you happen to stumble across,

0:21.6

that you want to save a quote or a passage for later, and then go back and review all the highlights

0:27.3

that you've made from everything you've read over the years. If you want to check it out,

0:31.5

and I so highly recommend that you do, check out readwise.io slash Morgan. You'll get an extra 30 days for free to try the product,

0:41.2

plus you get to see some of the highlights that I have made in books that I've read over the years.

0:46.0

That's readwise.io slash Morgan.

1:03.6

This episode is about pessimism and why it is so seductive and it sounds so smart.

1:08.3

But before we go on, I think we need to define the opposite, which is optimism.

1:12.9

Now, if you are optimistic about the world and about the future,

1:18.3

and I think I am, being what I call a real optimist does not mean that you think everything's going to be great in the future. That is what I would call complacency. If you think everything's

1:23.6

going to be good in your own life or in the world. That's not optimism. That's complacency.

1:28.9

Optimism, I think, is a belief that the odds of a good outcome are in your favor over time,

1:34.0

even when you know there are going to be setbacks and problems and challenges along the way.

1:40.2

It's the simple idea that most people wake up in the morning trying to make things a little bit better and more productive

1:46.1

than wake up looking to cause trouble.

1:48.8

That's the foundation of optimism.

1:51.2

It's really not that complicated.

1:53.7

And look, it's not guaranteed either.

...

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