Millionaire Motivation by Motiversity
Jun 23, 2026 · 9 min · 8 segments
Special thanks to our partners: Diary of a CEO: youtube.com/TheDiaryofaCEO Tom Bilyeu: youtube.com/TomBilyeu Chris Williamson: youtube.com/ChrisWillx Speakers Morgan Housel…
Steven BartlettHostMotiversity HostHostAnd one takeaway from that is, like, if you have the financial wherewithal and the psychological mindset and the luck to survive that and endure it, people are very adaptable.
I mean, how much of Europe was literally rubble in 1945 and rebuilt in a staggeringly fast period of time? Japan was completely obliterated during World War II, and by 1980s was the strongest, fastest-growing, one of the richest economies in the world in one generation.
And in the 1960s, there was this move in economic circles that we should eradicate recessions.
There was this idea that, of course, we should be able to eradicate recessions.
It can never be done," because of what he came up with, what he called the financial instability hypothesis.
When the economy is unstable, you get a recession." So the lack of recessions is what triggers the next recession.
Like, if the market never crashed, people would put all their money in the market.
It's just it breeds a level of over-optimism and over-complacency that causes the next crash.
So when you accept that, just, like, the nature of how cyclical these things are, then you don't pretend that we're gonna be in some sort of stable zone or that we can stop these.
It's not that I don't worry about tariffs or that I don't worry about, uh, birth rates.
And one takeaway from that is, like, if you have the financial wherewithal and the psychological mindset and the luck to survive that and endure it, people are very adaptable.
I mean, how much of Europe was literally rubble in 1945 and rebuilt in a staggeringly fast period of time? Japan was completely obliterated during World War II, and by 1980s was the strongest, fastest-growing, one of the richest economies in the world in one generation.
And in the 1960s, there was this move in economic circles that we should eradicate recessions.
There was this idea that, of course, we should be able to eradicate recessions.
It can never be done," because of what he came up with, what he called the financial instability hypothesis.
When the economy is unstable, you get a recession." So the lack of recessions is what triggers the next recession.
Like, if the market never crashed, people would put all their money in the market.
It's just it breeds a level of over-optimism and over-complacency that causes the next crash.
So when you accept that, just, like, the nature of how cyclical these things are, then you don't pretend that we're gonna be in some sort of stable zone or that we can stop these.
It's not that I don't worry about tariffs or that I don't worry about, uh, birth rates.
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