11/08/2025
When money is tight, why do we take bigger risks?
💸 In this eye-opening chat with Shane Parrish on The Knowledge Project, Morgan Housel unpacks the paradox—scarcity fuels the urge to gamble it all. From lottery tickets to high-stakes bets, he reveals how hope, psychology, and desperation drive risky choices.
Want to dive even deeper into how your mindset shapes your financial destiny?
Discover more in Morgan Housel’s bestselling book, "The Psychology of Money," and learn why mastering your mind may be the most valuable investment you make: https://amzn.in/d/cdLn1kd