- "There’s a common pleasure that we don’t talk about much: We enjoy showing things to other people."
- Adam Smith's explanation: "By sharing, Smith argues, we get to have another’s enjoyable experience"
- Paul's thesis: "Our inner lives are private. But it can be lonely in here. It can be frustrating to have something in your head and not be able to share it The pain here isn’t necessarily the feeling of being unloved—you can be loved but not understood, understood but not loved."
- "When the connection is made, when you feel fully known, it is deeply satisfying"
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A Good Life
Today
- I was already a fan from Twitter, more of a fan after this pod. He gets it - great approach to life. “The goal is the life, not the money”.
- Did Goldman to make the money to buy the house in Spain.
- “Intellectual capital” - missed being around smart people and ideas - relateable.
- Earning over $1m/year at 30.
- Used to argue about RSUs over cash with boss - “not money I can spend”.
- Leverage - layers of debt that belongs to the same layer of collateral - makes no sense. Bitcoin
- Wrote the first macro piece on Bitcoin in 2013.
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Raoul Pal
almost 2 years ago
- "I was meeting new people left and right, I was calm and peaceful and otherwise having an unforgettable time, and somehow it cost me much less than my humble 9-5 lifestyle here in one of Canada’s least expensive cities"
- "The ultimate tool for corporations to sustain a culture of this sort is to develop the 40-hour workweek as the normal lifestyle. Under these working conditions people have to build a life in the evenings and on weekends. This arrangement makes us naturally more inclined to spend heavily on entertainment and conveniences because our free time is so scarce."
- "I’ve only been back at work for a few days, but already I’m noticing that the more wholesome activities are quickly dropping out of my life: walking, exercising, reading, meditating, and extra writing."
- "In my industry, and most others. You work 40-plus hours or you work zero"
- "clients and contractors are all firmly entrenched in the standard-workday culture, so it isn’t practical to ask them not to ask anything of me after 1pm, even if I could convince my employer not to."
- "We’ve been led into a culture that has been engineered to leave us tired, hungry for indulgence, willing to pay a lot for convenience and entertainment, and most importantly, vaguely dissatisfied with our lives so that we continue wanting things we don’t have"
- "The perfect customer is dissatisfied but hopeful, uninterested in serious personal development, highly habituated to the television, working full-time, earning a fair amount, indulging during their free time, and somehow just getting by."
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over 2 years ago
- "Sleeping in a tent is fun when you’re camping but miserable when you’re homeless."
- "Desiring money beyond what you need to be happy is just an accounting hobby."
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over 2 years ago