In this episode of The Diary Of A CEO, Steven Bartlett interviews Morgan Housel, author of "The Psychology of Money," to discuss timeless lessons of wealth, greed, and happiness in the context of current economic events like tariffs and AI. They delve into the psychological aspects of money, emphasizing the importance of mindset, patience, and independence over technical financial skills. Housel explains tariffs, their potential impact, and the complexities of global trade, while also addressing the decline of US manufacturing and China's expertise in low-end production. The conversation shifts to personal finance, advocating for savings, avoiding debt, and the significance of contentment over chasing wealth for status. They also touch on the potential impact of AI on jobs and the importance of communication and adaptability for future generations.
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