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The Psychology of Money with Morgan Housel Podcast
Information That Would Get Your Attention

Information That Would Get Your Attention

The Psychology of Money with Morgan Housel vor 2 Jahren

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12:33

There’s obviously a hierarchy of information. It ranges from
life-changing good to life-changing disastrous.

That got me thinking: What would be the most interesting and
useful information anyone could get their hands on?

Years ago I asked that question to Yale economist Robert Shiller.
“The exact role of luck in successful outcomes,” he answered.

I loved that answer, because nobody will ever have that
information. But if you did, your entire worldview would change.
Who you admire would change. The traits you think are needed for
success would change. You would find millions of lucky egomaniacs
and millions of unlucky geniuses. The fact that it’s impossible
to possess this information doesn’t make it useless – just
thinking about how powerful it would be to have it forces you to
ponder a topic that’s important but easy to ignore.

Keeping the idea that the most interesting information doesn’t
have to be realistic – it can be impossible-to-obtain,
magical-wish thinking – here are three other things that would
get your attention.