# Compounding Optimism

An episode of [The Psychology of Money with Morgan Housel](https://invisiblenetwork.ai/podcast/1675310669), 14 Feb 2024, 12 min.

Audio: https://anchor.fm/s/104219ecc/podcast/play/101785741/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2025-3-25%2F399089917-44100-1-63bb1b1e640451cc.mp3

Let me share a little theory I have about optimism, and why progress is so easy to underestimate. I’ll explain it in four parts.

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