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"Wealth, in fact, is what you don’t see. It’s the cars not purchased. The diamonds not bought. The renovations postponed, the clothes forgone and the first-class upgrade declined. It’s assets in the bank that haven’t yet been converted into the stuff you see." — Morgan Housel
In this episode, we dive into the dictionary definition of the word "asset" and the various facets of it in our lives. It seems like a simple concept, but it's not. It takes wisdom to distinguish between liabilities that appear as assets from actual assets. Media, Influencers, Ego, Mimetic desires - none of these make it easy for you to make the distinction. And hence we hope this session helps you in making a wise choice in times to come.
"Wealth, in fact, is what you don’t see. It’s the cars not purchased. The diamonds not bought. The renovations postponed, the clothes forgone and the first-class upgrade declined. It’s assets in the bank that haven’t yet been converted into the stuff you see." — Morgan Housel
In this episode, we dive into the dictionary definition of the word "asset" and the various facets of it in our lives. It seems like a simple concept, but it's not. It takes wisdom to distinguish between liabilities that appear as assets from actual assets. Media, Influencers, Ego, Mimetic desires - none of these make it easy for you to make the distinction. And hence we hope this session helps you in making a wise choice in times to come.