Podcast Summary Steven Bartlett & Morgan Housel – The Diary of a CEO

Get inspired in a few minutes – introducing a new series featuring podcast summaries. I’m going to pick up some of the most interesting quotes that I heard in a specific podcast and talk/discuss them. The Thumbnail and pictures in the article are interpretations by the AI software Adobe Firefly related to specific quotes.

Today’s featured podcast will be about Steven Bartlett, who interviews Morgan Housel in „The Diary of a CEO“. Check out the full podcast that is super interesting to listen to here:

The Diary of a CEO – Steven Bartlett talking to Morgan Housel

I have thought about making something like the following for a long time. I consume an insane amount of interviews, continuously trying to expand my current understanding of the world by listening to all kinds of people. I will (regularly) pick some quotes of the things I heard/read and put them here in this Podcast Summary series, trying to deliver the main output of super interesting talks in a short manner for each and every one of you to enjoy.

Maybe some of you will find these interesting, they are not my opinions, they are things that stayed in my mind after listening to interview XYZ. I will share my own opinion and stuff that wasn’t said 1:1 after the quotes end or later in this article.

“Nobody cares about you as much as you do.”

“There are two kinds of people: The ones that don’t know how to start making money and the ones that don’t know when to stop making money.”

“Keep your expectations low […] try to want less.”

“You have to figure out what’s the little thing that makes you happy.” (Said in the context of what goals you follow, for example one’s dream could be to have the freedom to go for a two-hour walk every day with his/her partner) […] don’t let society tell you what makes (should make) you happy.

“When you graduate don’t take the safe job, take the weird company. When you’re 40 and got kids you’re not wanna take the weird job.“ – First you should take the opportunity to learn, no matter if you fail or succeed.

You want to have a decent amount of failures if you don’t – it means you’re not taking any risks. (Not a 1:1 quote)

“Do you think Elon Musk is happy?“ “No absolutely not, most of these people are not”

“Everybody needs a minimal level of stress in their lives […] People who don’t have that make up stress.”

“Confidence creates blind spots.” (Overestimating abilities/other people blindly believing or supporting due to prior success)

“For everything good in life, there’s a cost.” (Doesn’t have to be money, can be time to build relationships for example)

“Don’t fall for the idea that you can’t life well if you’re renting.”

“The best story wins…” not the best numbers.

“People will believe things, even if they’re obviously wrong, if those are the things they want to hear.”

“Headlines are only bad news, because bad news happen fast.” Good news happen slowly over time. If we get better at something 2% a year we’re so much better in 20 years but nobody talks about it.“Our minds are so bad at exponential thinking.” 8+8+8+8 is easy, 8*8*8*8 is “impossible” to calculate in our head. Counts for everything exponential in life

It’s also an amazing way for me to collect these articles and look back on them at a later point as I most of the time struggle to remember key statements for a longer time. What are my thoughts?

For me, the biggest freedom is never to say no when I would love to say yes. What do I mean by that?

If a friend that I really enjoy talking to wants to go for lunch tomorrow at 11 am, I‘m gonna have time for that without having to worry about work. That’s been my goal that I’ve been working towards for a long time. I think what has also been somewhat of my biggest mental support is to not worry/complain about stuff.

A little example: I traveled two hours to get to university and back and came for a two-hour meeting that we agreed to make on campus. 10 minutes prior to arriving one of the group members said that they wouldn’t make it in time and asked if we could make the meeting online. Doesn’t bother me at all, not a single bit. It is what it is.

Last words: There is so much amazing free content out there, use it!

Have an amazing rest of your day and feel free to share your thoughts down below in the comment section.

Alex

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