Ben Felix | Investing in Happiness @BenFelixCSI | Uploaded August 2021 | Updated October 2024, 4 hours ago.
Money has the unique ability to move economic value through time; money made from work done today can be used to fund spending in the future. Time and money are both finite resources that we have to make allocation decisions about on a daily basis. There is no objectively optimal way to allocate time and money, but I am going to argue that for human investors these decisions should be anchored in the objective of living a happy life, so we need to know where happiness comes from.
Timestamps:
0:00 How much is enough?
1:03 What is Happiness?
4:04 PERMA and Well-Being
6:22 Time, money, and happiness
9:48 Spending money for happiness
11:42 The Four Cs
13:13 Setting anti-goals and the Five Factors of Well-Being
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Sources in order of mention
Functional imaging of neural responses to expectancy and experience of monetary gains and losses pubmed.ncbi.nlm.nih.gov/11395019
The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom happinesshypothesis.com
Positive Psychology: The Science of Well-Being uk.sagepub.com/en-gb/eur/positive-psychology/book243503
PERMA™ Theory of Well-Being https://ppc.sas.upenn.edu/learn-more/perma-theory-well-being-and-perma-workshops
Thinking Fast and Slow us.macmillan.com/books/9780374533557
Happiness, income satiation and turning points around the world nature.com/articles/s41562-017-0277-0
Time Smart awhillans.com/new-book-ndash-time-smart.html
If Money Doesn't Make You Happy Then You Probably Aren't Spending It Right https://scholar.harvard.edu/files/danielgilbert/files/if-money-doesnt-make-you-happy.nov-12-20101.pdf
The Geometry of Wealth harriman-house.com/geometry-of-wealth
The End of History Illusion science.sciencemag.org/content/339/6115/96
Rational Reminder Podcast episodes mentioned:
rationalreminder.ca/podcast/102
rationalreminder.ca/podcast/143
Follow Ben Felix on
- Twitter: twitter.com/benjaminwfelix
- LinkedIn: linkedin.com/in/benjaminwfelix
Visit Rational Reminder: rationalreminder.ca
Follow the Rational Reminder on:
- Twitter: twitter.com/RationalRemind
Visit PWL Capital: pwlcapital.com/teams/passmore-felix
You can find the Rational Reminder podcast on
Google Podcasts:
google.com/podcasts?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz
Apple Podcasts:
itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2
Spotify Podcasts:
open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA
------------------
Money has the unique ability to move economic value through time; money made from work done today can be used to fund spending in the future. Time and money are both finite resources that we have to make allocation decisions about on a daily basis. There is no objectively optimal way to allocate time and money, but I am going to argue that for human investors these decisions should be anchored in the objective of living a happy life, so we need to know where happiness comes from.
Timestamps:
0:00 How much is enough?
1:03 What is Happiness?
4:04 PERMA and Well-Being
6:22 Time, money, and happiness
9:48 Spending money for happiness
11:42 The Four Cs
13:13 Setting anti-goals and the Five Factors of Well-Being
------------------
Sources in order of mention
Functional imaging of neural responses to expectancy and experience of monetary gains and losses pubmed.ncbi.nlm.nih.gov/11395019
The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom happinesshypothesis.com
Positive Psychology: The Science of Well-Being uk.sagepub.com/en-gb/eur/positive-psychology/book243503
PERMA™ Theory of Well-Being https://ppc.sas.upenn.edu/learn-more/perma-theory-well-being-and-perma-workshops
Thinking Fast and Slow us.macmillan.com/books/9780374533557
Happiness, income satiation and turning points around the world nature.com/articles/s41562-017-0277-0
Time Smart awhillans.com/new-book-ndash-time-smart.html
If Money Doesn't Make You Happy Then You Probably Aren't Spending It Right https://scholar.harvard.edu/files/danielgilbert/files/if-money-doesnt-make-you-happy.nov-12-20101.pdf
The Geometry of Wealth harriman-house.com/geometry-of-wealth
The End of History Illusion science.sciencemag.org/content/339/6115/96
Rational Reminder Podcast episodes mentioned:
rationalreminder.ca/podcast/102
rationalreminder.ca/podcast/143
Follow Ben Felix on
- Twitter: twitter.com/benjaminwfelix
- LinkedIn: linkedin.com/in/benjaminwfelix
Visit Rational Reminder: rationalreminder.ca
Follow the Rational Reminder on:
- Twitter: twitter.com/RationalRemind
Visit PWL Capital: pwlcapital.com/teams/passmore-felix
You can find the Rational Reminder podcast on
Google Podcasts:
google.com/podcasts?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz
Apple Podcasts:
itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2
Spotify Podcasts:
open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA
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