money

11 statements across 6 episodes · 2 bullish · 0 bearish · 6 people on the record · first statement Oct 11, 2017 by Ray Dalio · across every show →

Everything said about money, oldest first

Oct 11, 2017 neutral
Disclosure
Wealth was never Dalio's priority, just a byproduct of good work
“And, you know, for money, for me, money was not very much a priority to begin with. It just happened to be the thing that I do. It produces a lot of money if you do it well.”
Ray Dalio Oct 11, 2017 ▶ 1:05:28 #23 Ray Dalio: Life Lessons from a Self-Made Billionaire
Oct 11, 2017
Insight
Wealth has virtually no correlation with happiness past basic needs
“There is virtually no correlation between the amount of money one has and one's happiness that's pretty well known past a certain basic The factor that's the highest correlation is whether is relationships, sense of community across societies.”
Ray Dalio Oct 11, 2017 ▶ 1:17:17 #23 Ray Dalio: Life Lessons from a Self-Made Billionaire
Mar 5, 2019 positive
Insight
Howard Marks: Kids must understand that money is finite to function well
“I think one of the most important things to have kids who function well around money is for them to have a feeling of finiteness, and this goes back really to economic reality, the memo. They should understand. That money is finite. No matter how much money yo…”
Howard Marks Mar 5, 2019 ▶ 1:24:33 #53 Howard Marks: Luck, Risk and Avoiding Losers
Oct 13, 2020
Insight
Chamath: Wealth magnifies the destructiveness of an unconstructive happiness search
“I think that money accelerates the point at which you can declare yourself free and feel emancipated. Like I do think that money is a, it liberates people. It gives them freedom, but going back to what we were saying before, it doesn't make you happier. And if…”
Chamath Palihapitiya Oct 13, 2020 ▶ 20:56 #94 Chamath Palihapitiya: Understanding Yourself
Feb 2, 2021 neutral
Insight
Mullainathan: Time is unlike money because its utility ranges from negative to positive
“Time doesn't operate like money. Time is a unit of object whose value can range from the negative to the positive, like, huge values.”
Sendhil Mullainathan Feb 2, 2021 ▶ 37:30 #102 Sendhil Mullainathan: The Chaos Inside Us
Feb 2, 2021 positive
Disclosure
Parrish: Always spend money to create time rather than time to create money
“I approach time as something like it's finite. I don't get more of it. And what I value is optionality. So I will always Try to spend money to create time versus spending time to create money in that sense.”
Shane Parrish Feb 2, 2021 ▶ 39:18 #102 Sendhil Mullainathan: The Chaos Inside Us
May 28, 2024
Insight
Housel: The True Value of Money Is Gaining Autonomy Over Daily Life
“Money is, is kind of the oxygen of independence. And if you can use your money to spend more time with your friends and family, you and I went out to a lovely dinner last night with each other. That cost money. Thank you for buying, by the way. And we had a gr…”
Morgan Housel May 28, 2024 ▶ 28:09 Morgan Housel: Get Rich, Stay Rich
May 28, 2024
Insight
Housel: Inherited wealth can burden personal ambition and identity
“Money that you are given, that you inherit, can be a burden to your ambition, a burden to your identity of building a name for yourself.”
Morgan Housel May 28, 2024 ▶ 54:45 Morgan Housel: Get Rich, Stay Rich
May 28, 2024 neutral
Insight
Housel: Higher wealth increases lifestyle pressure without guaranteeing happiness
“And it's this thing of just, like, if your expectations shift, then the littlest thing can make you upset. It's like, when you go to the quiet car, yes, it is quieter, but you also have this, like, sound debt that comes with it, you could say. This invisible s…”
Morgan Housel May 28, 2024 ▶ 1:01:36 Morgan Housel: Get Rich, Stay Rich
May 28, 2024
Insight
Housel: Increasing happiness is the sole purpose of money
“Like what can money do to make you happier? Because there's no other purpose. There's nothing else that you should even think about other than that.”
Morgan Housel May 28, 2024 ▶ 1:09:37 Morgan Housel: Get Rich, Stay Rich
Jan 20, 2026 neutral
Insight
Housel: Wealth Reduces Bad Days but Does Not Create Better Days
“What I think is true. Is that on average, people who have more money tend to have fewer bad days, but I don't know if they have more better days.”
Morgan Housel Jan 20, 2026 ▶ 4:59 Morgan Housel: Wealth is What You Have Minus What You Want
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