The Morgan Housel Podcast Morgan Housel
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- Business
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The Morgan Housel Podcast -- timeless lessons on wealth, greed, and happiness.
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Realistic Personal Finance Hacks
Hacks are hard because shortcuts rarely exist. Prizes take time and effort.
The personal finance industry – filled with advice that sounds and feels good without moving the needle – needs to recognize this.
These aren’t fun hacks, but no one said this was easy. -
Lucky vs. Repeatable
Luck plays such a big role in the world. But few people want to talk about it. If I say you got lucky, I look jealous. If I tell myself that I got lucky, I feel diminished.
Maybe a better way to frame luck is by asking: what isn’t repeatable?
And maybe better yet: The way to get luckier is to find what’s repeatable. -
No One Is Crazy
The fun part of behavioral finance is learning about how flawed other people can be. The hard part is trying to figure out how flawed you are, and what stories make sense to you but would seem crazy to others.
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Smart Things Smart People Have Said
A few of the best and most insightful things I've read lately.
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Accountable to Darwin vs. Accountable to Newton
Woodrow Wilson was the only president with a Ph.D. in political science.
He came to office having thought more about how a government functions than most before him or since.
One of his complaints was that too many people in government held the belief that it was a Big Machine: that once you set up a series of rules you could take your hands off the wheel and let the government run on its own forever. They viewed government like physics, with a set of customs and laws that required no updating or second-guessing because they were believed to be precise and perfect as they were.
Wilson thought that was wrong. He viewed government as being a living thing that adapted and evolved.
I really don't care about politics. But he had a theory that I think is so important, and so applicable, to us ordinary people managing our money. -
The Dumber Side of Smart People
Mae West said, “Too much of a good thing can be wonderful.” That might be true for some things – health, happiness, golden retrievers, maybe.
But in so many cases the thing that helps you can be taken to a dangerous level. And since it’s a “good thing,” not an obvious threat, its danger creeps into your life unnoticed.
Take intelligence.
How could someone possibly be too intelligent? How do you get to a point where you realize you could have been more successful if you had been a little dumber?
Let me share three reasons why.
And if you're looking for another podcast to listen to, check out The Rundown by my friends at Public.com. It's a quick five-minute listen that gets you all caught up on the latest in the stock market, the economy, and in crypto. Hope you enjoy it.
Ressenyes del públic
My favourite new podcast
Housel is wise beyond his years and his insights are very practical.
Practical Finance!!!
I am a professional investor and I am delighted to hear sound insights about behavioural finance and investing, ie: investing is a marathon not a sprint, your behaviour and biases when investing matters tremendously, there is merit to making decisions that may not make sense in a financial model, ie: paying off your mortgage early, but they give you peace of mind, and that is incredibly hard to quantify on a spreadsheet, etc.
If you want to learn more about how to become a better long term investor this is absolutely worth a listen - and then a repeat.
A must listen!
Morgan is one of the most intelligent people I’ve heard speak. The amount of knowledge that he can pack into short episodes is amazing. All episodes are very thought provoking and packed full of brilliant quotes. Recommend this podcast to everyone I know, the short episodes definitely make it easy to listen to every episode! Thanks Morgan, please keep the episodes coming!