That’s A Lesson We Can All Learn:

Money Is A Great Way To Get Happiness. Right? Lots Of Wonderful Things You Can Do With Money. The Question Is, Are We Really Optimizing On That? So, If You Think About Getting Lattes And Getting Cable. Which One Of Those Is Actually Giving You A Greater Happiness, And If You Have To Cut On One Of Those, Which One Would You Cut? So, I Think Thinking In Terms Of Concrete Terms Would Help Us A Great Deal.

In The U.s., I Think There Is An Ideology Of Not Telling Kids What To Do. Nobody To Tell You Who To Marry, Not Tell You What Job To Pick. You're Your Own Person. You Have The Freedom To Choose, Including The Freedom To Fail In Magnificent Ways. And I Think That's The Big Difference. In Other Countries There Is Basically A Social Norm About Saving That Is Passed From Generation To Generation. In The U.s. There Isn't.

The Companies That Provide Debt, What Do You Think Their Goal Is? Is Their Goal For You To Fully Understand The Cost Of Your Debt? No. So They're Basically Creating These Approaches To Make You Feel Like It Is Incredibly Cheap Or Just To Think About The Cost Per Day Rather The Cost Per Year Or Cost For A Lifetime. So Debt Is Very Simple Mistake.

We Don't Really Want A Huge House, But We Want The House To Be Slightly Bigger Than Our Neighbors, And A Car That Is Bigger Than Our Neighbor's, And They're Going On Vacation That's Slightly More Expensive, And This Escalation Happens That Things Got Out Of Hand.

In Terms Of The Actual Curriculum For Management Education, My Own View Is Very Simple-minded: The World Is Incredibly Complex, It Changes All The Time, And We Should Not Even Hope That We Could Create A General Model That Accurately Describes The World In All Its Possible States.