Morgan Housel: The Cost of Ego - [Glue Guys, EP.13]

What's the real game you're playing with your money? “Psychology of Money” author Morgan Housel joins Glue Guys to talk about the importance of running your own race. He engages Ravi, Shane, and Alex on the topic of ego and how it plays a leading role in wealth dynamics. From pro athlete salaries to the “keeping up with the Joneses” mindset to even handling your own money (spoiler: there is no universal right way), the Glue Guys let Morgan peel back the layers. Is there a perfect balance between confidence and humility? Does a mix of the two really even matter? Morgan gives his take on the real keys to happiness. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- Glue Guys is a property of Colossus, LLC. For more episodes of Glue Guys, visit https://joincolossus.com/series/glue-guys/.  Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @GlueGuys_Pod | @JoinColossus Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes: (00:00:00) Welcome to Glue Guys (00:01:58) Morgan's Journey to Writing (00:02:38) The Impact of Ski Racing (00:04:09) Struggles and Turning Points (00:05:51) Finding a Voice in Writing (00:13:15) Balancing Confidence and Humility (00:21:41) Financial Realities of Pro Athletes (00:33:03) The Rise of Business Athletes (00:33:24) The Hunger for Knowledge (00:33:57) Kobe Bryant's Relentless Drive (00:35:45) The Feedback Loop in Business (00:36:46) Debt as a Motivator (00:46:12) The Importance of Ending on Your Own Terms (01:04:10) The Role of Social Media in Financial Perception (01:08:04) The Value of Self-Awareness