A simple formula for a pretty nice life is independence plus purpose.

Purpose is different for everyone. Sometimes it’s family, sometimes it’s community, religion, work, whatever.

But independence is more universal. Our desire to be independent, why we want it, what prevents us from achieving it, and why some people sabotage their ability to have it, is such a common story across cultures and generations.

Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.

A collection of things I've been thinking about lately that I hope you find valuable regardless of your profession.

Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.

A story about how tails drive everything, and why the vast majority of your success in investing and in life will come from just a few of the things you do.

Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.

Everyone knows one version of the world -- the one that's actually happened. But that's just one of infinitive possibilities that could have occurred. I asked ChatGPT to write different versions of how my life could have ended up, and was stunned by the results. I'd be you'd have the same experience.

Thanks to my friends at 10 East -- check out 10east.co.

Most people – and definitely society as a whole – seem to have a minimum level of stress. They will never be fully at ease because after solving every problem the gaze of their anxiety shifts to the next problem, no matter how trivial it is relative to previous ones.

Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.

A look at the big story dominating this year: tails drive everything, and everything from businesses to careers either work extraordinarily well, or not at all.

With thanks to my friends at Nitrogen: check out nitrogenwealth.com.

A look at why so many Americans think the best was better than it was: People in the past may have been poorer than we are now, but they probably did a better job keeping their expectations in check.

Thanks to my friends at nitrogenwealth.com.

The world evolves faster than people's beliefs do. This episode looks at the need to change your mind, and why it's so difficult to do so.

Thanks to my friends at 10 East -- check out 10east.co.