The Tim Ferriss Show Transcripts: Morgan Housel — Contrarian Money and Writing Advice, Three Simple Goals to Guide Your Life, Journaling Prompts, Choosing the Right Game to Play, Must-Read Books, and More (#702) - The Blog of Author Tim Ferriss

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• “Nobody would be the same if they could afford to be different.”

• One thing that I think is really true, and it’s coming out a lot more in the data is that if you are already happy, gaining more money will probably make you happier. But if you’re already kind of depressed, gaining more money is probably not going to help that much

• The most famous expert’s ability to predict what’s going to happen next is atrocious, and it’s always been atrocious. And again, that just made me cynical. It was just like the whole pundit industry is a scam. That was my view. And then it was like, “Okay, is there a positive spin to this? How can I use knowing how bad we are at forecasting to try to do better at my ability to look forward in the future?”