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12 Unexpected Laws of Human Psychology - Morgan Housel

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In this 17 February 2024 video for Modern Wisdom, Chris Williamson sits down with Morgan Housel, a partner at The Collaborative Fund.

The world continues to change, but the hairless apes who inhabit it stay the same. So there must be some laws of human psychology which remain true, no matter what time and place you’re in, and today we get to go through some of the most fascinating ones.

Expect to learn what reasonable optimism looks like, the difference between overnight tragedies and long term miracles, what we can learn by the divorces of the richest men on the planet, how people become tragedies of perfection, why most competitive advantages eventually die and more.

https://youtu.be/lujIyNnQ2ak


00:00 What is Rational Optimism?
01:15 The Benefits of Stress for Innovation
11:04 Good News Takes a Lot of Time
14:51 Why Is Bad News More Memorable?
21:25 Progress Requires Pessimism & Optimism
28:55 Hiring the Greatest Leaders
35:30 What Do You Think is Productive But Isn’t?
41:58 Good Things Are Supposed to Be Hard
51:56 Most Competitive Advantages Die Out
59:21 Never Discount the Potential of New Technology
1:04:12 Why Success Looks Easier than it is 
1:10:57 Incentives Are the Most Powerful Force in the World
1:16:20 Nothing is More Persuasive than What You Personally Experience
1:20:02 The Tension of a Long-Term Mindset
1:31:07 Why Humans Are Seduced by Complexity
1:34:32 Who Would You Be if You Were Born to Different Parents? 
1:40:23 Why the Richest People in the World Are Divorced
1:47:20 Where to Find Morgan



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