Podcasts about Collaborative Fund

Is buying a house the biggest financial mistake you could make right now, and will the next Great Depression hit even harder? Morgan Housel reveals the real story.  Morgan Housel, partner at Collaborative Fund and bestselling author of ‘The Psychology of Money' and ‘Same As Ever', is one of the world's top experts on financial psychology, economic collapse warnings, and building true financial freedom. His life-changing insights have transformed how millions approach money, investing, and wealth-building. In this conversation, Morgan and Steven discuss topics such as, how America's economy could be quietly collapsing, how devastating tariffs may trigger another Great Depression, why robots are replacing the middle class, and the hidden $30 trillion debt threatening the future of the US. 00:00 Intro02:10 Timeless Lessons of Greed, Wealth, and Happiness04:51 The Current Tariff Situation in 202507:05 What Are Tariffs?11:51 Trump's True Reason for the Tariffs18:24 Why Is China the Factory of the World?20:35 China Stopped Being a Cheap Labour Country23:04 What's the Impact of the Tariffs?25:07 America's Trust26:42 Are We Heading for a Recession?29:30 The Importance of Backups During a Recession30:48 How to Be Financially Free in 202535:59 The Evolutionary Desire to Show Off — Status40:42 Salary Differences43:09 We Have a Distorted View of Financial Wealth44:28 Advice for the Economic Crisis45:55 How Much Money Do You Need Saved?46:56 The Impact of AI in Our Wealth Building56:22 The Skills You'll Need in the AI Era57:56 How to Have a Money Mindset01:00:56 Why People Get Stuck in Crypto Scams01:03:34 Women vs. Men: Who's Better at Saving and Taking Risks?01:06:15 Crypto01:07:23 What History Tells Us About New Technologies, Wealth, and Failure01:08:51 Could the Crypto Security System Be Broken?01:10:21 The Strategies Wealthy People Use01:11:55 Intelligence vs. Endurance01:13:28 Why Is Perseverance Key?01:15:12 The Best Way to Have a Big Investment Return01:17:01 The Power of Compounding in Your Savings01:22:06 How Money and Psychology Are Linked01:27:03 You Need to Change Your View on Savings01:31:10 Biggest Regrets of People on Their Deathbeds01:37:20 The Most Asked Questions About Finances01:41:17 Where Are Your Investments Allocated?01:42:03 Vanguard Index Fund01:49:54 Where to Invest Spare Cash?01:56:24 The Dangers of Retiring02:03:31 How to Live a Happy Life You can follow Morgan, here: Twitter - https://bit.ly/3RzBBSc  Website - https://bit.ly/42LM4PD  Instagram - https://bit.ly/449vnQp    You can pre-order Morgan's books, The Art of Spending Money: Simple Choices for a Richer Life, here: https://amzn.to/3GmHRu4 (US) / https://amzn.to/3EEy5mE (UK) You can find out more about the books mentioned, here: ‘The Intelligent Investor', Benjamin Graham: https://amzn.to/4iwqHHW  Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes  My new book! 'The 33 Laws Of Business & Life' is out now - https://g2ul0.app.link/DOACBook  You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb  Sign up to receive email updates about Diary Of A CEO here: https://bit.ly/diary-of-a-ceo-yt  Ready to think like a CEO? Gain access to the 100 CEOs newsletter here: https://bit.ly/100-ceos-newsletter  Follow me:https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Get your hands on the Diary Of A CEO Conversation Cards here: https://bit.ly/conversationcards-mpPerfect Ted - https://www.perfectted.com with code DIARY40 for 40% off Learn more about your ad choices. Visit megaphone.fm/adchoices

Talking points: culture, economics, mindset, debt, Ed HardyTo maybe understate things, it's a jungle out there right now, financially speaking. I've really enjoyed Morgan's books and perspective, so in early April, I asked him to come on. He shared TONS of insight on tariffs, what's next, how the average person can change their financial straights for the better, even Fartcoin. Listen in.(00:00:00) - What in the world is going on(00:09:35) - If it's about bringing manufacturing back, then will jobs go to workers—or to automation?(00:16:37) - On tariff misconceptions and myths, and the difference between personal debt and government debt(00:25:27) - How does the average person weather the storm?(00:29:49) - How building wealth is behavioral, not intellectual, and the anti-capitalist mindset(00:38:19) - What to do when you're struggling to get your finances under control(00:44:00) - Discovering why you actually want more money, and raising kids with good financial sense(00:59:04) - How do you learn what “enough” is, and the psychology of bitcoinMorgan Housel is a partner at The Collaborative Fund. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.Connect with Morgan-Coming in October: The Art of Spending Money: https://www.penguinrandomhouse.com/books/741239/the-art-of-spending-money-by-morgan-housel/-Instagram: https://www.instagram.com/morganhousel/-Podcast: https://lnk.to/vDltf2

Sophie Bakalar, partner at Collaborative Fund, joins Fund/Build/Scale for a candid conversation about early-stage investing in climate tech, consumer AI, and deep tech hardware. She shares how she evaluates “green” founders with limited experience, what kind of traction she looks for in pre-revenue companies, and why a passion for solving a real-world problem outweighs having a stacked resume. We also cover: Tactical funding strategies for capital-intensive startups The value of adaptable teams and fractional CFOs How to avoid overspending before product-market fit The mindset shifts needed before approaching VCs This episode is packed with advice for founders navigating long development timelines, technical risk, and early go-to-market strategy — especially if you're looking to raise money while keeping burn low and momentum high. RUNTIME 48:59 EPISODE BREAKDOWN (2:24) “Like a lot of people in venture, I have sort of a windy path.”   (6:47) Inside Collaborative Fund: “We all roll up our sleeves on everything here.”   (7:55) Which industries and founder profiles Sophie is watching in 2025.   (10:37) Where consumer AI hardware may be headed.   (12:03) What her typical work week looks like.   (15:05) In a people-driven industry, inexperienced founders need to de-risk themselves before doing investor outreach.   (17:37) “We don't necessarily create a hard line or a clear box around what makes a climate tech investment.”   (22:43) “There are a few things that investors in climate and energy tech are looking for.”   (26:23) When it comes to solo founders, “expectations from funders [are] a little bit higher.”   (28:28) What excites Sophie about working with first-time founders.   (30:17) The most common reason why a team with a strong idea fails to execute.   (33:31) Why a founder's “adaptability quotient” is so critical to their success.   (36:53) Personalities (and business models) that should avoid venture capital.   (40:16) “I hope I've managed to retain a good amount of empathy.”   (42:11) One piece of advice for VCs she returns to frequently.   (44:37) “The only real seismic changes are going to happen when you start to see more female entrepreneurs build really successful companies.”   (46:52) The blogger you need to read “before you kick off your fundraise.”   (47:39) The one question Sophie would have to ask a CEO before accepting an offer from an early-stage startup. LINKS Sophie Bakalar Craig Shapiro Collaborative Fund Fred Wilson, AVC archive SUBSCRIBE

EAH co-hosts Alicia Eastman and Patrick Molloy sat down with Karen Baert, the CEO and co-founder of Ammobia to learn about their high-efficiency innovation of the ammonia production process. We also discussed the role of ammonia and the challenges that clean tech innovators face. About Karen Baert: Karen has extensive experience across the sector having completed her Bachelors in Mechanical and Chemical Engineering in Brussels, Master in renewable energy at the Technical University Berlin, and MBA at Stanford University. Karen spent several years at Bain & Co., and worked with Breakthrough Energy Ventures, as well as Stanford GSB Impact fund, before co-founding Ammobia. Karen and her Co-founder and CTO are taking on the 100 year-old Haber Bosch process by developing their own reactor which offers potential for improved efficiencies in ammonia production with less emissions and lower capex. About Ammobia:Ammobia is developing Haber Bosch 2.0 - an innovative low cost, flexible process for clean ammonia production from clean hydrogen and air. They leverage the latest advances in materials science and catalysis to produce clean ammonia at low cost. Their processes and systems work across production scales and modes and they expect:- to require one third the capex- ⁠increased safety & flexibility (running directly on renewables)- ⁠80-90% lower emissions- ⁠10x reduction in pressure- ⁠150°C reduction in temperatureUS-based Ammobia closed an oversubscribed, US$4.2 million funding round in April. Led by Starlight Ventures and including Collaborative Fund, Chevron Technology Ventures, Arosa Capital, Zero Infinity Partners, R7, DNX Ventures and Plug and Play Tech Center, the funds will support a 1000x scale-up of Ammobia's next-generation synthesis technology. --Links: https://www.ammobia.co/https://ammoniaenergy.org/articles/funding-for-ammonia-energy-startups-in-2024/https://www.axios.com/pro/climate-deals/2024/04/03/ammobia-funding-green-ammonia

Morgan Housel made his first investment at 18, putting $1,000 into a certificate of deposit at his local bank. When he started earning interest on that saving, he was hooked. He dove into books on finance, investing, and wealth building, eventually becoming a financial columnist for The Motley Fool and The Wall Street Journal. In today's episode, Morgan shares why he thinks personal finance is more like psychology than physics, some of the common emotional pitfalls that can derail your financial planning, and much more. In this episode, Hala and Morgan will discuss: (00:00) Introduction (05:49) Early Financial Experiences (09:05) The Life-Changing Ski Accident (16:17) Career at Motley Fool and Transition (18:07) Writing and Publishing Books (28:30) The Psychology of Money (32:09) Personal Financial Philosophy (36:53) The Purpose of Money (38:40) Emotional Pitfalls in Personal Finance and Investing (42:39) The Art of Keeping Wealth (44:40) Balancing Optimism and Pessimism in Business (51:21) The Long Tail Strategy in Investing (54:10) The Importance of Patience in Investing (01:00:10) Preparing for Unseen Risks (01:07:08) The Role of Stress and Incentives in Success (01:12:05) Permanent vs. Expiring Information Morgan Housel is a partner at The Collaborative Fund. He's the author of the bestselling book The Psychology of Money. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, and winner of the New York Times Sidney Award. In 2022, MarketWatch named him one of the 50 most influential people in markets. He serves on the board of directors at Markel.  Resources Mentioned:  Morgan's Podcast: youngandprofiting.co/3ELHGYl Morgan's Book, Same as Ever: youngandprofiting.co/4jZGalU  Morgan's Book, The Psychology of Money: youngandprofiting.co/4gIFP3U  Episode Sponsors: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify    Airbnb - Your home might be worth more than you think. Find out how much at airbnb.com/host  Rocket Money - Cancel your unwanted subscriptions and reach your financial goals faster with Rocket Money. Go to rocketmoney.com/profiting  Indeed - Get a $75 job credit at indeed.com/profiting     RobinHood - Receive your 3% boost on annual IRA contributions, sign up at robinhood.com/gold  Factor - Get 50% off your first box plus free shipping when you use code FACTORPODCAST at factormeals.com/profiting50off   Active Deals - youngandprofiting.com/deals       Key YAP Links Reviews - ratethispodcast.com/yap  Youtube - youtube.com/c/YoungandProfiting  LinkedIn - linkedin.com/in/htaha/  Instagram - instagram.com/yapwithhala/  Social + Podcast Services - yapmedia.com   Transcripts - youngandprofiting.com/episodes-new  Entrepreneurship, Entrepreneurship Podcast, Business, Business podcast, Self Improvement, Self-Improvement, Personal development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side hustle, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Finance, Personal Finance, Scalability, Investment, Financial Freedom, Risk Management, Business Coaching, Finance Podcast, Finance, Financial, Personal Finance, Stock Market, Scalability, Investment, Risk Management, Financial Planning, Business Coaching, Finance podcast, Investing, Saving

Morgan's books have sold over seven million copies and have been translated into more than 60 languages. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and winner of the New York Times Sidney Award. MarketWatch named him one of the 50 most influential people in markets. He's a partner at The Collaborative Fund and serves on the board of directors at Markel.  We discuss: - Human Psychology and Risk - Tribalism, Anger & Humor - Investing Philosophies - Writing and Book Publishing Lessons - The Drive of Successful Entrepreneurs - Balancing Wealth and Happiness We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners.  https://www.thefortpod.com/survey Topics: (00:00:00) - Intro (00:01:41) - Lessons from a Skiing Tragedy (00:05:51) - The Impact of Personal Experiences on Risk Tolerance (00:08:18) - The Tribal Nature of Human Behavior (00:14:42) - The Role of Anger and Humor in Online Interactions (00:20:16) - Behavior vs. Knowledge in Investing (00:39:44) - The Halo Effect and Perception (00:40:55) - Warren Buffett's Personal Sacrifices (00:42:05) - The Cost of Professional Success (00:43:36) - Balancing Personal and Professional Life (00:45:37) - The Complexity of Wealth (01:02:53) - Teaching Kids About Money (01:13:54) - The End of History Illusion (01:15:35) - Conclusion and Final Thoughts Links: Morgan on X - https://x.com/morganhousel The Psychology of Money by Morgan Housel - https://bit.ly/4gwuu6T Same as Ever by Morgan Housel - https://bit.ly/4jS5ry4 Collaborative Fund - https://collabfund.com/ Support our Sponsors: Fort: https://bit.ly/FortCompanies Follow Fort on LinkedIn: https://www.linkedin.com/company/fort-companies/ Vesto - https://www.vesto.com/fort Chris on Social Media: The Fort Podcast on Twitter/X: https://x.com/theFORTpodcast Instagram: https://www.instagram.com/thefortpodcast LinkedIn: https://bit.ly/45gIkFd   Watch The Fort on YouTube: https://bit.ly/3oynxNX Visit our website: https://bit.ly/43SOvys Leave a review on Apple: https://bit.ly/45crFD0 Leave a review on Spotify: https://bit.ly/3Krl9jO  The FORT is produced by Johnny Podcasts

Morgan Housel once looked back at his twenties as a carefree, simple time, living in a beautiful apartment with his wife. But she quickly reminded him how anxious he truly was. His nostalgia had erased the uncertainty he once felt, just like how investors look back at past market growth and assume success was inevitable. In this episode, Morgan explains why the past is never as clear as we remember and why the future won't be either. He also shares how entrepreneurs can build wealth despite uncertainty, the key to long-term success in the stock market, and practical strategies for sustainable financial planning. In this episode, Hala and Morgan will discuss:  (00:00) Introduction (02:14) Why Most Financial Resolutions Fail (04:06) Balancing Saving and Spending Habits (09:15) The Power of Long-Term Investing (13:30) Navigating Startup Risks Wisely (15:49) What Sets Genius Entrepreneurs Apart (18:50) Why Doubt Is Necessary for Entrepreneurs (22:23) How Hindsight Can Misguide Investors (29:22) Wealth Inequality in the Social Media Era (34:36) Turning Anxiety About the Future into Action (40:23) The Financial Mistakes We Keep Repeating (48:38) Elon Musk's Extreme Risk-Taking Strategy (50:42) Embracing Failure for Lasting Success (53:55) How Rumors Shape Financial Markets Morgan Housel is an investor, partner at The Collaborative Fund, and author of the New York Times bestsellers The Psychology of Money and Same As Ever. A former columnist for The Motley Fool and The Wall Street Journal, he simplifies complex financial ideas, emphasizing long-term thinking, compounding, and decision-making over market predictions. He is also a two-time Best in Business Award winner from the Society of American Business Editors and Writers. Connect with Morgan: Website: morganhousel.com  Linkedin: linkedin.com/in/morgan-housel-5b473821  Instagram: instagram.com/morganhousel  Twitter: x.com/morganhousel  Facebook: facebook.com/morgan.housel.5  Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify  Airbnb - Your home might be worth more than you think. Find out how much at airbnb.com/host Rocket Money - Cancel your unwanted subscriptions and reach your financial goals faster with Rocket Money. Go to rocketmoney.com/profiting Indeed - Get a $75 job credit at indeed.com/profiting    RobinHood - Receive your 3% boost on annual IRA contributions, sign up at robinhood.com/gold Factor - Get 50% off your first box plus free shipping when you use code FACTORPODCAST at factormeals.com/profiting50off  Active Deals - youngandprofiting.com/deals   Resources Mentioned: Morgan Housel: How to ACTUALLY Build Wealth, Investing to Gain Financial Independence | E266: youngandprofiting.co/4147SpO  Morgan's Book, The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness: amzn.to/3EoljZ0  Morgan's Book, Same as Ever: A Guide to What Never Changes: amzn.to/4aOX7uV  Morgan's Podcast, The Morgan Housel Podcast: bit.ly/3EljBre  Key YAP Links Reviews - ratethispodcast.com/yap  Youtube - youtube.com/c/YoungandProfiting  LinkedIn - linkedin.com/in/htaha/  Instagram - instagram.com/yapwithhala/  Social + Podcast Services: yapmedia.com  Transcripts - youngandprofiting.com/episodes-new  Finance, Financial, Personal Finance, Wealth, Stock Market, Scalability, Investment, Financial Freedom, Risk Management, Financial Planning, Business Coaching, Finance Podcast, Investing, Saving.

Craig Shapiro of Collaborative Fund joins Nick to discuss The Villain Test, Lessons from an OG at Sequoia, Spotting Superstars at Seed, Mastering Follow-on, and the Future of Consumer Tech. In this episode we cover: Mission-Driven Founders and Impact Investing Future of Consumer Products and Personalization Consumer Behavior and Building Long-Term Brands Data Privacy and Consumer Behavior Later-Stage Investing and Identifying Breakouts Hiring and Talent Development The Villain Test and Consumer Decision-Making Guest Links: Craig's LinkedIn Collab Fund's LinkedIn Collab Fund's Website Twitter/X Collab Fund Twitter The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area. Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter. Are you a founder looking for your next investor? Visit our free tool VC-Rank and we'll send a list of potential investors right to your inbox!

Morgan Housel is an author, financial writer, and partner at the Collaborative Fund, a venture capital firm. He is recognized for his insights into investing, personal finance, and behavioral economics. You can listen to his full-length episode HERE on Spotify and HERE on Apple Podcasts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Morgan Housel is an author, financial writer, and partner at the Collaborative Fund, a venture capital firm. He is recognized for his insights into investing, personal finance, and behavioral economics. You can listen to his full-length episode HERE on Spotify and HERE on Apple Podcasts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On episode 146 of Ask The Compound, Ben Carlson and Duncan Hill are joined by Morgan Housel, Partner at The Collaborative Fund and author of The Psychology of Money and Same as Ever to discuss how to produce engaging content at a high pace, utilizing data vs storytelling, if Ben is a permabull, and much more! Submit your Ask The Compound questions to askthecompoundshow@gmail.com! Thanks to Rocket Money for sponsoring this episode! Visit: http://rocketmoney.com/atc and cancel your unwanted subscriptions today! The Compound x Tropical Bros: https://tropicalbros.com/products/super-stretch-the-compound-hawaiian-shirt Subscribe to The Compound Newsletter for all the latest Compound content, live event announcements, find out who the next TCAF guest is, get updates on the latest merch drops, and more! https://www.thecompoundnews.com/subscribe

Sophie is a partner at Collaborative Fund, a New York-based venture capital firm that invests in companies operating at the intersection of for-profit and for-good. She shares insights on the dual objectives of generating financial returns while making a positive impact, discusses their unique “villain test,” and explores the emerging opportunities in climate and sustainability investing.

Morgan Housel is an author, financial writer, and partner at the Collaborative Fund, a venture capital firm. He is recognized for his insights into investing, personal finance, and behavioral economics. You can listen to his full-length episode HERE on Spotify and HERE on Apple Podcasts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On today's episode, Clay shares the most important lessons he's learned from Morgan Housel. Morgan Housel is a partner at The Collaborative Fund. He's the New York Times Bestselling author of The Psychology of Money and Same As Ever. His books have sold over 4.5 million copies and have been translated into more than 50 languages. He also serves on the board of directors at Markel. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 01:24 - Why the best story wins. 09:35 - Why the biggest risk is the one nobody sees coming.  23:03 - The seduction of pessimism and why it pays to be an optimist. 27:18 - The importance of understanding ‘enough'. 44:42 - The importance of patience and investing with a long time horizon. 52:34 - The impact of debt.  And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Morgan's books: The Psychology of Money & Same as Ever. Morgan's podcast on debt with Howard Mark. Related Episode: Listen to TIP602: Same as Ever w/ Morgan Housel, or watch the video. Related Episode: Listen to TIP351: The Psychology of Money w/ Morgan Housel, or watch the video. Mentioned Episode: RWH016: The Best of the Best w/ Francois Rochon. Mentioned Episode: RWH013: Move Slow, Win Big w/ Thomas Russo. Mentioned Episode: TIP559: Mastering the Market Cycle w/ Howard Marks. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Sound Advisory American Express The Bitcoin Way Vacasa USPS Onramp SimpleMining Public Fundrise BAM Capital Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In this special episode of Behind the Memo, Howard Marks is joined by Morgan Housel, the bestselling author and partner at the Collaborative Fund. They discuss ideas from Howard's recent memo “The Impact of Debt,” which was inspired by Morgan's article “How I Think About Debt.” They explore the relationship between leverage and longevity, the nature of risk, and the eternal relevance of Voltaire's famous saying: “History doesn't repeat itself. Man always does.”You can listen to or read the Memo here (https://www.oaktreecapital.com/insights/memo-podcast/the-impact-of-debt).

If you think that simply earning more money will solve your financial woes, think again. Morgan Housel — partner at The Collaborative Fund and New York Times Bestselling Author of The Psychology of Money — has cracked the code on mastering the intricate dance between wealth and human behavior.  His research has proven that true financial success is not just about accumulating wealth but understanding the psychological forces that drive our financial decisions. In this episode of The Game Changing Attorney Podcast, Morgan and Michael Mogill discuss: The critical difference between getting wealthy and staying wealthy Why your personal experiences with money shape your financial decisions more than you realize How to prepare for economic events that you can't see coming ---- Show Notes: 00:00 – Introduction 01:28 – The Psychology of Money with Morgan Housel 04:15 – The Evolution of Retirement 08:28 – The Role of Luck in Success 13:28 – The Relativity of Wealth 19:16 – Money and Happiness 22:13 – Finding True Happiness Beyond Wealth 23:31 – The Dichotomy of Getting and Staying Wealthy 25:55 – The Ego and Financial Management 28:08 – The Man in the Car Paradox 33:19 – Preparing for Unforeseen Economic Events 37:24 – Defining True Success 42:02 – Advice from the Wealthy: Passion vs. Practicality 45:15 – Closing Thoughts and Takeaways ---- Links & Resources The Psychology of Money (Book) The 2024 Game Changers Summit ---- Listening to this episode but want to watch it? Check it out on Spotify.  Do you love this podcast and want to see more game changing content? Subscribe to our YouTube channel. ---- Past guests on The Game Changing Attorney Podcast include David Goggins, John Morgan, Alex Hormozi, Randi McGinn, Kim Scott, Chris Voss, Kevin O'Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more. ---- If you enjoyed this episode, you may also like: #113 Kevin O'Leary – The Entrepreneurial Journey: Inside the Mind of Mr. Wonderful  #249 Codie Sanchez – Maximizing Income: Strategies for Achieving Financial Freedom  #233 AMMA – How to Find Meaning In the Journey

Produced by Foundersuite (www.foundersuite.com), "How I Raised It" goes behind the scenes with startup founders and investors who have raised capital. This episode is with Celine Halioua of Loyal (https://loyal.com/) a San Francisco startup developing drugs to extend the lifespan of dogs. In this episode, we discuss how to plot (and raise against) key company milestones, how to engineer scarcity with VCs, what terms are important and how to negotiate them, how to read an investor's body language for signals, the extensive pet collections we each had as kids and much more. Loyal most recently completed its Series B funding round, securing $45 million in investment. The round was led by Bain Capital Ventures with support from Valor Equity Partners. Previous investors include Khosla Ventures, First Round Capital, Box Group, Collaborative Fund, Quiet Capital, and Todd & Rahul's Angel Fund. Loyal has cumulatively more than $125 million since its founding. How I Raised It is produced by Foundersuite, makers of software to raise capital and manage investor relations. Foundersuite's customers have raised over $17 Billion since 2016. Create a free account at www.foundersuite.com. If you are a VC or investment banker, check out our new platform, www.fundingstack.com

Max Jamilly, CEO and Co-founder at Hoxton Farms. And today, we're talking about fat. Hoxton Farms, a London-based startup, grows and sells animal fats without animals. They aspire to be an ingredients provider; cultivating fats via bioreactors and selling cruelty-free and sustainable fats to other food brands, starting with meat alternatives. It's been a challenging time for the alt-meat space, and we were eager to hear how Max feels the industry will develop and the role Hoxton Farms can play therein. He's also got a vision for how Hoxton Farms can expand beyond that initial market over time. Hoxton raised a series A led by Fine Structure Ventures and Collaborative Fund in late 2022, in which MCJ is proud to have participated. So grab a plate and let's dig in.In this episode, we cover: [1:37] Intro to Hoxton Farms[2:36] Founders' background: Max Jamilly and Ed Steele[5:51] Meat alternative industry: Challenges and opportunities[9:00] Expansion potential beyond meat alternatives[12:56] Cost parity with traditional animal fats[17:08] Scalability, production, and commercialization plan[18:51] Consumer appetite for meat alternatives[24:49] Regulatory environment and labeling requirements[32:56] Hoxton Farms' pork fat cultivation process[34:48] Potential for genetic engineering in cultivation[40:18] Overview of Hoxton's facility[42:48] Capitalization and financing history[46:13] Importance of branding and merchandise[47:21] Hoxton Farms is hiring!Episode recorded on June 26, 2024 (Published on July 18, 2024) Get connected with MCJ: Jason Jacobs X / LinkedInCody Simms X / LinkedInMCJ Podcast / Collective / YouTube*If you liked this episode, please consider giving us a review! You can also reach us via email at content@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.

Julia Reichlstein is the CEO and Co-founder at Vaulted Deep, a carbon removal company that injects carbon-rich waste slurries deep underground into permanent geologic storage. They've come onto the scene quite fast recently securing just north of a $58 million order from Frontier to sequester over 152,000 tons of carbon between now and 2027, which is Frontier's largest commitment yet. They're one of 20 finalist teams still in the mix for the $100 million Carbon Removal Xprize, and one of 24 semi-finalists of the DOE's Carbon Dioxide Removal Purchase Pilot Prize. Try saying that three times fast.They also recently announced an $8 million seed round led by Lowercarbon Capital with participation from Earthshot, Woven Earth, Collaborative Fund and others. We got to know Julia and her co-founder Omar Abou-Sayed as they set up Vaulted as a spin-out of Omar's waste disposal company, Advantek. Vaulted is a complex set of operations based on a relatively simple construct: Humans have been sucking geologically stored carbon in the form of oil out of the ground for 150 years now. What if we could put it back? In this episode, we cover: Backgrounds of Vaulted's co-founders and the company's mission How Vaulted turns organic waste into carbon storage Julia's shift from venture capital to carbon removal Advantek's history and technological contribution to Vaulted Technical details of Vaulted's sequestration wells Types of wells used in Vaulted's process Community and environmental benefits Vaulted's business model and financial sustainability The rigorous process for selecting and processing waste for carbon removal Comparison of carbon removal strategies and Vaulted's unique approach Financial and ecological benefits of Vaulted's methodology Hutchinson Kansas facility's role and historical significance Vaulted's partnership with Frontier for carbon removal Vaulted's participation in the $100 million Carbon Removal Xprize competitionPotential global health impact of Vaulted's technology Open roles and opportunities at Vaulted for furthering its missionEpisode recorded on Jun 17, 2024 (Published on Jul 11, 2024) Get connected with MCJ: Jason Jacobs X / LinkedInCody Simms X / LinkedInMCJ Podcast / Collective / YouTube*If you liked this episode, please consider giving us a review! You can also reach us via email at content@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.

This week's Espresso covers news from Clip, Finsus, Prometeo, and more!Outline of this episode:[00:27] – Mexican unicorn Clip lands $100M in funding[00:42] – Celcoin raises $120M in Series C round[01:00] – Finsus acquires Distrito Pyme and launches Digital Credit[01:13] – Prometeo launches account validation in the US[01:33] – Mercado Diferente raises $1.6M in a pre-Series A round[01:47] – Konsi lands $1M seed round[01:58] – iFood launches iFood Pago[02:11] – Kilimo raises $7.5M in Series A round[02:23] – Ximple lands $2.7M in pre-seedResources & people mentioned:Startups: Clip, Finsus, Prometeo, Celcoin, Mercado Diferente, Konsi, Kilimo, iFood Pago, XimpleVCs: Morgan Stanley Tactical Value,  Summit Partners, Innova Capital, Collaborative Fund. Caravela Capital, Valutia, Emerald Technology Ventures, Boost Capital Partners, Clocktower Technology Ventures, Graph Ventures, 99 Startups, Lotux.VC.

Today's guest is Jessica Rolph, cofounder and CEO of Lovevery, a subscription brand that sells early-childhood development play kits and solutions. To date, Jessica has raised over $132 million for Lovevery from top-tier investors, including, TCG, Google Ventures, Collaborative Fund, and the Chan Zuckerberg Initiative. Lovevery has 350,000+ active subscribers. It has been named one of Fast Company's “World's Most Innovative Companies" and has been recognized on TIME's list of "Best Inventions". Prior to Lovevery, Jessica was the cofounder and COO of Happy Family, helping to launch, build and lead Happy Family to its position as a top organic baby and toddler brand in the US. Happy Family was acquired by Group Danone in 2013 for about $300 million. Jessica also co-founded the Climate Collaborative , a non-profit organization helping companies in the natural products industry take meaningful steps to reverse climate change. She is an Aspen Institute Henry Crown Fellow and was awarded the Park Leadership Fellowship.  In this episode, we dive into: Jessica opens up about how she never thought of herself as an idea person when it came to starting a business How she found purpose in life and how she discovered a market for Happy Family and Lovevery How to find product market fit Why ugly prototypes are the way to go Exiting to Danone and dreaming about Lovevery Her fundraising experience and how she deals with rejection Delegation versus what to control as a leader

Knowledge Project The skills it takes to get rich are drastically different from the skills it takes to stay rich. Few understand this phenomenon more than Morgan Housel. He's identified unique lessons about wealth, happiness, and money by studying the world's richest families and learning what they did to build their wealth and just how quickly they squandered it all.In this conversation, Shane and Housel discuss various aspects of risk-taking, wealth accumulation, and financial independence. Morgan explains the importance of understanding personal financial goals and the dangers of social comparison, lets everyone in on his personal financial “mistake” that instantly made him sleep better at night, and why the poorest people in the world disproportionately play the lottery—and why it makes sense that they do. They also touch on the influence of upbringing on financial behaviors, the difference between being rich and wealthy, and the critical role of compounding in financial success. Of course, we can't have a writer as good as Morgan Housel on the podcast and not ask him about his process, so Housel concludes with insights into storytelling, his writing processes, and the importance of leading by example in teaching financial values to children.Morgan Housel is a partner at Collaborative Fund. Previously, he was an analyst at The Motley Fool. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and was selected by the Columbia Journalism Review for the Best Business Writing anthology. He's the author of two books: The Psychology of Money and Same as Ever.Watch the episode on YouTube: ⁠https://www.youtube.com/c/theknowledgeproject/videos⁠ Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: ⁠https://fs.blog/newsletter/⁠ My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - ⁠https://fs.blog/clear/⁠  Follow me: ⁠https://beacons.ai/shaneparrish⁠ Join our membership: ⁠https://fs.blog/membership/⁠ Sponsors Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. ⁠https://protekt.com/knowledge (00:00) Intro (04:46) Risk and income (07:40) On luck and skill (10:10) Buffett's secret strategy (12:28) The one trait you need to build wealth (16:20) Housel's capital allocation strategy (16:48) Index funds, explained (20:59) Expectations and moving goalposts (22:17) Your house: asset or liability? (27:39) Money lies we believe (32:12) How to avoid status games (35:04) Money rules from parents (40:15) Rich vs. wealthy (41:46) Housel's influential role models (42:48) Why are rich people miserable? (45:59) How success sows the seeds of average performance (49:50) On risk (50:59) Making money, spending money, saving money (52:50) How the Vanderbilt's squandered their wealth (1:04:11) How to manage your expectations (01:06:26) How to talk to kids about money (01:09:52) The biggest risk to capitalism (01:13:56) The magic of compounding (01:16:18) How Morgan reads (01:22:42) How to tell the best story (01:24:42) How Morgan writes (01:35:42) Parting wisdom and thoughts on success

Knowledge Project The skills it takes to get rich are drastically different from the skills it takes to stay rich. Few understand this phenomenon more than Morgan Housel. He's identified unique lessons about wealth, happiness, and money by studying the world's richest families and learning what they did to build their wealth and just how quickly they squandered it all.In this conversation, Shane and Housel discuss various aspects of risk-taking, wealth accumulation, and financial independence. Morgan explains the importance of understanding personal financial goals and the dangers of social comparison, lets everyone in on his personal financial “mistake” that instantly made him sleep better at night, and why the poorest people in the world disproportionately play the lottery—and why it makes sense that they do. They also touch on the influence of upbringing on financial behaviors, the difference between being rich and wealthy, and the critical role of compounding in financial success. Of course, we can't have a writer as good as Morgan Housel on the podcast and not ask him about his process, so Housel concludes with insights into storytelling, his writing processes, and the importance of leading by example in teaching financial values to children.Morgan Housel is a partner at Collaborative Fund. Previously, he was an analyst at The Motley Fool. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and was selected by the Columbia Journalism Review for the Best Business Writing anthology. He's the author of two books: The Psychology of Money and Same as Ever.Watch the episode on YouTube: ⁠https://www.youtube.com/c/theknowledgeproject/videos⁠ Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: ⁠https://fs.blog/newsletter/⁠ My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - ⁠https://fs.blog/clear/⁠  Follow me: ⁠https://beacons.ai/shaneparrish⁠ Join our membership: ⁠https://fs.blog/membership/⁠ Sponsors Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. ⁠https://protekt.com/knowledge (00:00) Intro (04:46) Risk and income (07:40) On luck and skill (10:10) Buffett's secret strategy (12:28) The one trait you need to build wealth (16:20) Housel's capital allocation strategy (16:48) Index funds, explained (20:59) Expectations and moving goalposts (22:17) Your house: asset or liability? (27:39) Money lies we believe (32:12) How to avoid status games (35:04) Money rules from parents (40:15) Rich vs. wealthy (41:46) Housel's influential role models (42:48) Why are rich people miserable? (45:59) How success sows the seeds of average performance (49:50) On risk (50:59) Making money, spending money, saving money (52:50) How the Vanderbilt's squandered their wealth (1:04:11) How to manage your expectations (01:06:26) How to talk to kids about money (01:09:52) The biggest risk to capitalism (01:13:56) The magic of compounding (01:16:18) How Morgan reads (01:22:42) How to tell the best story (01:24:42) How Morgan writes (01:35:42) Parting wisdom and thoughts on success

The skills it takes to get rich are drastically different from the skills it takes to stay rich. Few understand this phenomenon more than Morgan Housel. He's identified unique lessons about wealth, happiness, and money by studying the world's richest families and learning what they did to build their wealth and just how quickly they squandered it all.In this conversation, Shane and Housel discuss various aspects of risk-taking, wealth accumulation, and financial independence. Morgan explains the importance of understanding personal financial goals and the dangers of social comparison, lets everyone in on his personal financial “mistake” that instantly made him sleep better at night, and why the poorest people in the world disproportionately play the lottery—and why it makes sense that they do. They also touch on the influence of upbringing on financial behaviors, the difference between being rich and wealthy, and the critical role of compounding in financial success. Of course, we can't have a writer as good as Morgan Housel on the podcast and not ask him about his process, so Housel concludes with insights into storytelling, his writing processes, and the importance of leading by example in teaching financial values to children.Morgan Housel is a partner at Collaborative Fund. Previously, he was an analyst at The Motley Fool. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and was selected by the Columbia Journalism Review for the Best Business Writing anthology. He's the author of two books: The Psychology of Money and Same as Ever.Watch the episode on YouTube: ⁠https://www.youtube.com/c/theknowledgeproject/videos⁠ Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: ⁠https://fs.blog/newsletter/⁠ My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - ⁠https://fs.blog/clear/⁠  Follow me: ⁠https://beacons.ai/shaneparrish⁠ Join our membership: ⁠https://fs.blog/membership/⁠ Sponsors Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. ⁠https://protekt.com/knowledge (00:00) Intro (04:46) Risk and income (07:40) On luck and skill (10:10) Buffett's secret strategy (12:28) The one trait you need to build wealth (16:20) Housel's capital allocation strategy (16:48) Index funds, explained (20:59) Expectations and moving goalposts (22:17) Your house: asset or liability? (27:39) Money lies we believe (32:12) How to avoid status games (35:04) Money rules from parents (40:15) Rich vs. wealthy (41:46) Housel's influential role models (42:48) Why are rich people miserable? (45:59) How success sows the seeds of average performance (49:50) On risk (50:59) Making money, spending money, saving money (52:50) How the Vanderbilt's squandered their wealth (1:04:11) How to manage your expectations (01:06:26) How to talk to kids about money (01:09:52) The biggest risk to capitalism (01:13:56) The magic of compounding (01:16:18) How Morgan reads (01:22:42) How to tell the best story (01:24:42) How Morgan writes (01:35:42) Parting wisdom and thoughts on success

In his latest memo, Howard Marks examines the relationship between leverage and survivability, taking inspiration from a recent Collaborative Fund post by Morgan Housel. Howard explains why determining the appropriate amount of leverage should be about optimization, not maximization.You can read the memo here (https://www.oaktreecapital.com/insights/memo/the-impact-of-debt).

Human beings are an aspiration and progress-based species, and money is the currency of this game. We're always going to chase growth and success, and that comes with a lot of social debt and expectations, but if we're not careful, that will get us in big trouble. We might find ourselves making decisions based on what impresses others, not what makes our lives better, and that's the wrong way to go about things.  Many people would rather buy an entry level BMW, for the bragging rights, not the driving experience. The better decision is to aim for the high-end Toyota - it's not too expensive or flashy, but it's filled with things that actually enhance your life.  We can apply this mindset to homes, careers, and vacations. If we learn not to play the expectations game, we can be happier and we can also have a better relationship with money.  Today, we're joined by the bestselling author of The Psychology of Money and Same As Ever, Morgan Housel. He shares money mindsets that get us in trouble and how to shift away from them.  Books Mentioned  No Ordinary Time: Franklin & Eleanor Roosevelt: The Home Front in World War II ​​April 1865: The Month That Saved America Book by Jay Winik 1944: FDR and the Year That Changed History by Jay Winik Guest Info Morgan Housel is a partner at The Collaborative Fund. He's the New York Times Bestselling author of The Psychology of Money and Same As Ever. His books have sold over five million copies and have been translated into more than 50 languages. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, and winner of the New York Times Sidney Award. In 2022, MarketWatch named him one of the 50 most influential people in markets. He serves on the board of directors at Markel.  CTA ​​Please leave us a review at https://ratethispodcast.com/nla

Grab a signed copy of Same as Ever and The Psychology of Money from The Painted Porch!Morgan Housel is a partner at The Collaborative Fund. His book The Psychology of Money: Timeless lessons on wealth, greed, and happiness is a deep dive into the psychology of money and investing, especially how personal history shapes one's view of economic risk, the implications of not understanding the future, being rich vs. being wealthy, how we measure success, the problem with social comparison, and much more. It has sold over 1.9 million copies and has been translated into 46 languages. Morgan is a two-time winner of the Best in Business Award from the Society of American Business Editors, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He serves on the board of Markel and has presented at more than 100 conferences all over the globe.Website: morganhousel.com Twitter: @morganhousel  

When John D Rockefeller was asked how much money was enough, he famously replied, “Just a little bit more.” This quote is often used to illustrate our hard-to-shake view that money will solve all life's problems. But as today's guest is keen to point out, it probably won't. Because life's true riches don't have a £-sign in front of them. Today's guest is the multi award-winning financial writer and bestselling author Morgan Housel. Morgan is a partner at The Collaborative Fund and a former columnist at The Wall Street Journal. In his first book, The Psychology of Money, Morgan explains how doing well with finance is less about what you know and more about how you behave. This is an idea that I believe applies equally to health. That book became a global sensation and to date has sold over 4 million copies. And his second book, Same as Ever:Timeless Lessons on Risk, Opportunity and Living a Good Life has just come out. Morgan explains that in finance, as in health, we generally don't want to put in the hard work over the long term. We want shortcuts, secret hacks, silver bullets. Yet, he says, basic truths and principles remain the same as ever. We also talk about the relationship between money and happiness, the relationship between our finances and our health, the real meaning of wealth and the importance of having a sense of control. We discuss the problems with black and white thinking, the dangers of social comparison, the difference between success and happiness, and why we need to be careful about who we look up to. At its core, this is a conversation about what it really means to live a happy and contented life. There's a quote from Lao Tzu, that I really like: “He who knows he has enough is rich.” It's such simple yet profound advice. And it chimes with Morgan's ultimate message, that whatever your current financial situation, what's going to make you happy is probably not what you think. This is a thought provoking conversation that I'm pretty sure will have you thinking deeply about your life.Support the podcast and enjoy Ad-Free episodes. Try FREE for 7 days on Apple Podcasts https://apple.co/feelbetterlivemore. For other podcast platforms go to https://fblm.supercast.com.Find out more about my NEW Journal here https://drchatterjee.com/journalThanks to our sponsors:https://vivobarefoot.com/livemorehttps://drinkag1.com/livemoreShow notes https://drchatterjee.com/430 DISCLAIMER: The content in the podcast and on this webpage is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your doctor or qualified healthcare provider. Never disregard professional medical advice or delay in seeking it because of something you have heard on the podcast or on my website. Hosted on Acast. See acast.com/privacy for more information.

Kunal Tandon was running a family business importing paper and metal before cold calling his way into venture capital. Previously at Collaborative Fund, Kunal is now investing out of El Cap Fund II with his partner and former NFL player Stewart Bradley.

Morgan Housel is the New York Times Bestselling author of The Psychology of Money and Same as Ever and a popular finance blogger. His books have sold over 4.5 million copies and have been translated into more than 50 languages. He is also a partner at The Collaborative Fund and serves on the board of directors at Markel.  He talks to Guy Spier about the concept of writing for oneself, the slow way to approach reading and how to help the process of connecting ideas. Other topics discussed include skiing, beauties of the United States and the importance of sample size. Full transcript available here: https://aqfd.docsend.com/view/4u4kmcmsm3k8rccq Contents:(00:00:00) The Beauty and the Dangers of Skiing(00:04:58) Insights from Same as Ever(00:09:55) Selfish Writing(00:18:53) Ways to Approach the Writing Process(00:23:17) Inner Scorecard(00:30:45) Connecting Ideas(00:38:18) The Art of Reading Slowly(00:41:31) Fiction vs. Nonfiction(00:52:11) The Importance of Sample Size(00:54:19) Everyone is on their Own Path(00:59:43) Poetry(01:07:15) The United States and New York City

Morgan Housel is a partner at The Collaborative Fund, an investor and an author. The world continues to change, but the hairless apes that inhabit it stay the same. So there must be some laws of human psychology which remain true, no matter what time and place you're in, and today we get to go through some of the most fascinating ones. Expect to learn what reasonable optimism looks like, the difference between overnight tragedies and long term miracles, what we can learn by the divorces of the richest men on the planet, how people become victims of perfection, why most competitive advantages eventually die and much more...  Sponsors: See discounts for all the products I use and recommend: https://chriswillx.com/deals Get a 20% off all Momentous orders and up to 32% off new customer subscriptions at https://livemomentous.com/modernwisdom (automatically applied at checkout) Get 10% discount on all Gymshark's products at https://bit.ly/sharkwisdom (use code MW10) Get $150 discount on Plunge's amazing sauna or cold plunge at https://plunge.com (use code MW150) Extra Stuff: Get my free reading list of 100 books to read before you die: https://chriswillx.com/books Try my productivity energy drink Neutonic: https://neutonic.com/modernwisdom Episodes You Might Enjoy: #577 - David Goggins - This Is How To Master Your Life: http://tinyurl.com/43hv6y59 #712 - Dr Jordan Peterson - How To Destroy Your Negative Beliefs: http://tinyurl.com/2rtz7avf #700 - Dr Andrew Huberman - The Secret Tools To Hack Your Brain: http://tinyurl.com/3ccn5vkp - Get In Touch: Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/modernwisdompodcast Email: https://chriswillx.com/contact - Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode 104: Today, I'm going to be breaking down an essay by Morgan Housel, one of my favorite internet writers. Morgan is a partner at Collaborative Fund and a New York Times best selling author of The Psychology of Money and Same as Ever, of which he's sold over 4.5 million copies combined. If there's one lesson you take from this amazing essay it is the importance of embracing wandering and curiosity as you look to grow in life and in work. Original essay: https://collabfund.com/blog/active-vs-passive-learning/ Send us an email and let us know what you think of the idea! foundersjournal@morningbrew.com #FoundersJournal #Startups #Entrepreneur Listen to Founder's Journal here: https://link.chtbl.com/OV4W93_W Watch Founder's Journal here: https://www.youtube.com/@FoundersJournal/  Subscribe to Morning Brew! Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Alex! Alex Lieberman (@businessbarista) Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we are joined, for the third time, by renowned author and commentator Morgan Housel. Many of you are familiar with Morgan's bestseller, The Psychology of Money, and he is back to discuss his latest book, Same as Ever: A Guide to What Never Changes. He is also the partner at The Collaboration Fund, a network of fund managers investing across asset classes while identifying and supporting companies at the intersection of for-profit and for-good. In our conversation, we delve into the timeless principles that shape our perspectives of the world and why things are the Same as Ever. We discuss the importance of holding cash, challenging traditional analytical approaches and encouraging a broader reflection on life beyond numbers. Discover the recurrent nature of once-in-a-lifetime events, the pitfalls associated with the insatiable desire for certainty, the value and power of storytelling, and the complex interplay between incentives and expectations. Gain insights into the value of forecasting behaviours instead of market dynamics, why pessimism is more common and more captivating than optimism, embracing slight inefficiencies on the path to success, and much more! Don't miss this engaging discussion with a master storyteller and gain new perspectives on finance, human behaviour, and the principles that remain the Same as Ever with Morgan Housel. Tune in now!   Key Points From This Episode: (0:03:28) Why it is important to understand the aspects that never change, with examples.  (0:05:58) Morgan explains the value of random and seemingly inconsequential events. (0:07:43) Discover the most persistent characteristic of risk and the ways expectations impact behaviour and decision-making.  (0:13:04) How he has been dealing with the success of his book, Psychology of Money.  (0:15:11) What makes once-in-a-lifetime events more common than expected and the problems that a desire for certainty brings with it.  (0:19:16) Leveraging storytelling to understand the world and how to filter out the good information from the bad information.  (0:25:41) Explore the role of incentives in influencing expectations and how calm can turn into crazy.  (0:31:06) Learn how success can develop into failure and the problems that stem from investors trying to squeeze too much too soon from their investments.  (0:37:13) Advice for understanding the normal ‘growth rate' and what motivates innovation.  (0:42:29) Balancing stress and adversity and why being slightly inefficient is a good thing.  (0:46:46) Navigating hassle and nonsense on the path to success.  (0:48:30) The time scale differences in materializing good news and bad news.  (0:50:31) Strategies for combining optimism and pessimism to make informed and effective long-term decisions.  (0:53:03) Examine the challenges of predicting the impact of future innovations.  (0:55:43) The tendency for people to perceive others or businesses as better.  (0:58:38) Hear about the difference between permanent and expiring information.  (1:00:36) Reasons why complexity and length are appealing and how personal experiences shape perspectives.  (1:05:00) Morgan shares the biggest takeaways from his books.    Links From Today's Episode:   Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582 Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/  Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Morgan Housel — https://www.morganhousel.com/ Morgan Housel on LinkedIn— https://www.linkedin.com/in/morgan-housel-5b473821/ Morgan Housel on X — https://twitter.com/morganhousel Morgan Housel on Instagram — https://www.instagram.com/morganhousel/ The Morgan Housel Podcast — https://podcasts.apple.com/us/podcast/the-morgan-housel-podcast/id1675310669 Collaborative Fund — https://collabfund.com/ Collab Blog — https://collabfund.com/blog/ Episode 128: Morgan Housel — https://rationalreminder.ca/podcast/128 Episode 191: Emerging Markets — https://rationalreminder.ca/podcast/191 Episode 224: Scott Cederburg — https://rationalreminder.ca/podcast/224   Books From Today's Episode: Sapiens — https://www.amazon.com/Sapiens-Humankind-Yuval-Noah-Harari/dp/0062316095 Seinfeldia — https://www.amazon.com/Seinfeldia-About-Nothing-Changed-Everything/dp/1476756112 The Snowball — https://www.amazon.com/Snowball-Warren-Buffett-Business-Life/dp/0553384619 Same as Ever — https://www.amazon.com/Same-Ever-Guide-Never-Changes/dp/0593332709 The Psychology of Money — https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681

On today's episode, Clay is joined by Morgan Housel to discuss his newest book, Same as Ever, and uncover the key themes in financial history that have never changed. Morgan Housel is a partner at The Collaborative Fund. He's the New York Times Bestselling author of The Psychology of Money and Same As Ever. His books have sold over 4.5 million copies and have been translated into more than 50 languages. He also serves on the board of directors at Markel. IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro 02:34 - The key themes that seem to never change throughout history. 04:37 - Why the world is much more fragile than we're led to believe. 09:04 - Why the biggest risk is the one you don't see coming.  24:49 - The true power of exceptional storytelling. 23:28 - The importance of thinking probabilistically. 27:00 - Why every stock valuation is a number from today multiplied by a story about tomorrow. 27:32 - Why successful stock picking is about so much more than the numbers. 29:22 - Why market extremes such as the meme stock craze are not unnatural, and they should actually be expected. 32:19 - Morgan's investment approach. 38:21 - Why most investor's biggest advantage is patience. 41:31 - Why most competitive advantages eventually die. 51:33 - How the world's most successful people utilize inefficiency and slack to achieve more. 55:43 - Why Morgan writes for an audience of one. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com. Morgan's book: Same as Ever and The Psychology of Money. Morgan's Podcast. Related Episode: TIP351: The Psychology of Money w/ Morgan Housel | YouTube video. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite Linkedin Marketing Solutions Wise Babbel Shopify Fundrise NDTCO TurboTax Fidelity Monetary Metals Vacasa BiOptimizers – Nootopia HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's episode features none other than Morgan Housel, a distinguished partner at The Collaborative Fund and a New York Times best-selling author. Morgan's insightful works, including 'The Psychology of Money' and 'Same As Ever,' have captivated millions globally, selling over 4.5 million copies and translated into more than 50 languages. His expertise and eloquence have earned him multiple accolades, including the prestigious Best in Business Award and the New York Times Sydney Award. In 2022, MarketWatch recognized him as one of the 50 most influential people in markets.In our conversation, we delve deep into Morgan's unique perspective that merges finance with life lessons. His writing isn't just about finance; it's a guide to becoming a better human, a happier parent, and a more fulfilled individual. With short, engaging chapters filled with relatable stories, Morgan's books offer timeless wisdom that's easily applicable to our lives.In this episode, we discuss his latest work, 'Same As Ever,' a book that challenges the norm by focusing on what remains constant in business and life, rather than the ever-changing future. This approach is a game-changer, offering a fresh perspective on long-term success and the power of consistency.Don't miss out on this incredible discussion with Morgan Housel. Tune in now and discover how to achieve greatness by focusing on what truly matters and remains constant in life.To learn more, and for the complete show notes, visit: the1thing.com/pods.We talk about:Knowing what we can predict and what stays the sameHow modern innovations have increasedWhy magic happens when the world is on fireThe ONE Thing you can do to thrive in the futureLinks & Tools from This Episode:Learn more at morganhousel.comFollow Morgan on Instagram: @morganhouselConnect with Morgan on LinkedInFree ResourcesWant to be a guest or share feedback? Email podcast@the1thing.comProduced by NOVA Media

Morgan Housel made his first investment when he was 18, putting $1,000 into a certificate of deposit at his local bank. When he started to make some interest on that investment, he was hooked. He devoured books on finance and economics, eventually becoming a financial columnist for The Motley Fool and The Wall Street Journal. In today's episode, Morgan shares why he thinks finance is more like psychology than physics, some of the common emotional pitfalls related to money, his secrets to staying rich, and much more.   Morgan Housel is a partner at The Collaborative Fund. He's the author of the best-selling book The Psychology of Money. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and winner of the New York Times Sidney Award. His latest book is Same As Ever: A Guide to What Never Changes.   In this episode, Hala and Morgan will discuss: - Serendipitously finding a job he loves - The skiing accident that changed his life - What he learned from James Clear and Atomic Habits - How behavior can trump smarts - Why finance is more like psychology than physics - Independence and the purpose of wealth - Common emotional pitfalls related to money - Secrets to staying rich - What Bill Gates can teach you about optimism - Which unappreciated trait of Warren Buffet we should emulate - How stress can be a good thing - And other topics…   Morgan Housel is a partner at The Collaborative Fund. He's the author of the best-selling book The Psychology of Money. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and winner of the New York Times Sidney Award. In 2022, MarketWatch named him one of the 50 most influential people in markets. He serves on the board of directors at Markel. His latest book is Same As Ever: A Guide to What Never Changes.   Resources Mentioned:  Morgan's Website: https://www.morganhousel.com/ Morgan's LinkedIn: https://www.linkedin.com/in/morgan-housel-5b473821/ Morgan's Instagram: https://www.instagram.com/morganhousel/ Morgan's Twitter: https://twitter.com/morganhousel Morgan's Podcast: https://podcasts.apple.com/us/podcast/the-morgan-housel-podcast/id1675310669  Morgan's Book, Same as Ever (2023): https://www.amazon.com/Same-Ever-Guide-Never-Changes/dp/0593332709/  Morgan's Book, The Psychology of Money (2020):https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681    LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast' for 30% off at yapmedia.io/course.   Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Nom Nom - Go to youngandprofiting.co/trynomnom for 50% off on your two-week trial  HelloFresh - Go to HelloFresh.com/profitingfree and use code profitingfree for FREE breakfast for life! Indeed - Get a $75 job credit at indeed.com/profiting   More About Young and Profiting Download Transcripts - youngandprofiting.com  Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review -  ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting   Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala   Learn more about YAP Media Agency Services - yapmedia.io/

Bestselling author Morgan Housel, partner at The Collaborative Fund and first-ever guest on The Julia La Roche Show returns for episode 132 to discuss his newest New York Times Bestseller Same As Ever: A Guide to What Never Changes. Morgan's first book The Psychology of Money has sold over four million copies and been translated into 50 languages worldwide. Morgan is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, and winner of the New York Times Sidney Award. In 2022, MarketWatch named him one of the 50 most influential people in markets. He serves on the board of directors at Markel.  Takeaways Managing expectations is crucial for happiness and success. Social media can lead to inflated expectations and feelings of inadequacy. Envy and the pursuit of status and success can hinder happiness. Unforeseen consequences and tail risks play a significant role in shaping our lives. Personal experiences can shape our perception of risk and influence our decision-making. Economic forecasts are in high demand because they reduce uncertainty, even if their track record is poor. Calm periods in the economy or markets can lead to instability and eventual crises. Simplicity and endurance are key to successful long-term investing. Charlie Munger's legacy lies in his wisdom and willingness to share it with others. Writing is a process of self-discovery and learning. Timestamps  00:00 Introduction and Catching Up 01:08 Surprising Success of 'The Psychology of Money' 02:24 The Value of Low Expectations 04:08 Managing Expectations and Balancing Optimism 07:28 The Dangers of High Expectations and Social Media 09:37 The Gap Between Expectations and Reality 12:59 The Inflation of Expectations 15:11 The Impact of Social Media on Happiness 18:30 Envy and the Pursuit of Status and Success 23:39 Risk and the Unforeseen Consequences 26:17 The World Hanging by a Thread 31:41 Personal Story: Skiing Accident and Risk Aversion 40:32 The Demand for Economic Forecasts 43:01 Calm Plants the Seeds of Crazy 46:00 Investment Strategy: Simplicity and Endurance 48:23 Charlie Munger's Legacy 51:08 Writing for Self-Discovery

Morgan Housel is a partner at Collaborative Fund, blogger about behavior and money, and author of The Psychology of Money. The book has sold 4.5 million copies since its release three and a half years ago and already ranks in the top five best-selling books about finance. Morgan recently published his second book, Same As Ever: A Guide to What Never Changes. Our conversation starts with what happened since his last appearance on the show just before the release of The Psychology of Money. We then turn to his latest magnum opus and discuss some of its themes and stories across storytelling, expectations, compounding, risk, incentives, and people. Morgan's wisdom, humility, and passion for his work come out in spades. He also happens to be a wonderful person and dear friend. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

Morgan Housel is a partner at Collaborative Fund and one of my favorite writers about investing. Morgan recently released his first book, The Psychology of Money, and I'll go on record and predict it will be a best-seller in short order. Our conversation starts with Morgan's non-traditional education, his path to writing, and his process for writing each week. We then turn to the book and discuss some anecdotes about luck and risk, greed, compounding, patience, and tail events. We close with two of Morgan's personal stories – one about his own investing and the other, which seems inconceivable as you listen, about his lifelong challenge with stuttering.   Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

"The Psychology of Money" by Morgan Housel explores the complex relationship between human behavior and financial decision-making. It delves into the psychological factors that influence how people think about and manage money, emphasizing the importance of understanding one's emotions, biases, and long-term perspectives in achieving financial success. Morgan Housel presents timeless principles and stories that highlight the impact of psychology on financial outcomes, offering valuable insights for individuals seeking to navigate the complexities of wealth management and personal finance. In this episode, you will hear some of the best quotes from the New York Times bestselling book The Psychology of Money by Morgan Housel. Equipped with this powerful knowledge, I hope that you use it to guide you on your journey to financial freedom and lasting success. Who is Morgan Housel? Morgan Housel is a partner at The Collaborative Fund. He's the author of The Psychology of Money, which has sold over four million copies, and The New York Times Bestseller Same As Ever: A Guide to What Never Changes. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, and winner of the New York Times Sidney Award. In 2022, MarketWatch named him one of the 50 most influential people in markets. He serves on the board of directors at Markel. (morganhousel.com) All My Links: https://linktr.ee/karatjuicepodcast --- Send in a voice message: https://podcasters.spotify.com/pod/show/karatjuicepod/message Support this podcast: https://podcasters.spotify.com/pod/show/karatjuicepod/support

CNBC's Bob Pisani sat down with Dave Nadig, Financial Futurist at VettaFi, and Morgan Housel, partner at The Collaborative Fund and author of “Same as Ever: A Guide to What Never Changes.” Arguably one of the most popular writers on the subject of investor behavior, Housel is the author of “The Psychology of Money” – now out with a new book offering timeless lessons on what never changes in an ever-changing world.In the “Markets 102” portion, Bob continued the conversation with Dave Nadig from VettaFi.

Morgan Housel, a partner at The Collaborative Fund, and the bestselling author of “The Psychology of Money,” joins Scott to discuss his new book, “Same as Ever: A Guide to What Never Changes.” They get into topics including what to think about when buying a house, how to make healthier financial decisions, and the role money plays in our happiness.  Scott opens with his thoughts on the importance of the US and China's relationship. He also discusses why thinks the new AI wearable on the market will be a thud.  Algebra of Happiness: focus on exercise.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Morgan Housel is a partner at The Collaborative Fund, an investor and an author. The world continues to change, but the hairless apes that inhabit it stay the same. So there must be some laws of human psychology which remain true, no matter what time and place you're in, and today we get to go through some of the most fascinating ones. Expect to learn the problem with the way most people make predictions, who exactly are the reasonable optimists, whether anyone was able to predict the great depression, just how different median income for families differs from the 1950s to today, why trajectory is much more important than position, why stories are more powerful than statistics and much more...  Sponsors: Get 15% discount on the best Colostrum from ARMRA at https://tryarmra.com/modernwisdom (use code: MODERNWISDOM) Get 20% discount on Nomatic's amazing luggage at https://nomatic.com/modernwisdom (use code MODERNWISDOM) Get $150/£150 discount on the Eight Sleep Pod Cover at https://eightsleep.com/modernwisdom (discount automatically applied) Extra Stuff: Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/ Buy my productivity energy drink Neutonic: https://neutonic.com/modernwisdom - Get in touch. Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/modernwisdompodcast Email: https://chriswillx.com/contact/ Learn more about your ad choices. Visit megaphone.fm/adchoices

A kiss can be very powerful. It can make you feel wonderful and connect you to a person – or it can really mess things up. This episode begins with some interesting intel about the power of a kiss, both good and bad. https://www.scientificamerican.com/article/why-we-kiss/ Change is sexy and exciting – and it can also be your worst enemy. On the other hand, there are some things that never change. You can count on them. And perhaps paying more attention to things that stay the same can be a huge benefit to your life and well-being. It is likely better than trying to predict what changes are coming since humans are particularly horrible at such predictions. Here to make the case for embracing things that stay the same is Morgan Housel. He is a partner at The Collaborative Fund and author of the book Same as Ever: A Guide to What Never Changes (https://amzn.to/3SwWn6u). This is a conversation that will bring you a new perspective on how the world works and how people live. Complaining about the healthcare system is easy. Many people feel it is really hard to develop much of a relationship with their doctor when visits are so short and it's often hard to get an appointment. So perhaps it is up to us – the patients - to squeeze out as much as we can from the healthcare system to get better care and a stronger doctor/patient bond. Joining me to explain how to best do that is Ken Redcross, MD. He is author of the book, Bond: The 4 Cornerstones of a Lasting and Caring Relationship with Your Doctor (https://amzn.to/461Zh6l) and founder of Redcross Concierge, a personalized medical practice designed to enhance the patient-doctor relationship. Listen and you will be much better equipped to interact with the healthcare system. Having little kids is actually good for your immune system. In fact, the more kids the better. How can that be? Listen as I explain. http://www.sciencedaily.com/releases/2012/07/120703142858.htm PLEASE SUPPORT OUR SPONSORS! Zocdoc is the only FREE app that lets you find AND book doctors who are patient-reviewed, take your insurance, are available when you need them! Go to https://Zocdoc.com/SYSK and download the Zocdoc app for FREE. Dell's Black Friday event is their biggest sale of the year! Shop now at https://Dell.com/deals to take advantage of huge savings and free shipping! Let's find “us” again by putting our phones down for five.  Five days, five hours, even five minutes. Join U.S. Cellular in the Phones Down For Five challenge! Find out more at https://USCellular.com/findus Planet Money is an incredible podcast with stories & insights about how money shapes our world. Listen to Planet Money https://npr.org/podcasts/510289/planet-money wherever you get your podcasts! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Recorded in front of a live audience for the CFA Society of Detroit's Annual Luncheon, Morgan Housel shares key insights from his new book Same As Ever. Morgan Housel is a partner at the Collaborative Fund. His first book, The Psychology of Money, has sold over four million copies and has been translated into 53 languages. Listen now and learn: Why people get so focused on predictions How optimism and pessimism are needed for success The importance of stories in a world overflowing with data Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.  

Will money make you happy? How much is really enough? And how much should you save? Too often people don't have the answers for the biggest financial questions in life, until now. In this new episode Steven sits down with world-renowned financial expert and best-selling author, Morgan Housel. Morgan Housel is a partner at the Collaborative Fund, a leading venture capital firm with a focus on technological companies. He is also the author of the book, ‘The Psychology of Money', which has sold over 4 million copies. MarketWatch named him as one of 2022's 50 most influential people in financial markets. In this conversation Morgan and Steven discuss topics, such as: How happiness is being in control and having freedom Why a lack of control can make your life crumble Why nobody actually cares about your material possessions The money games being played in society Why you should rent your home until you have kids His mission behind writing about money Why your relationship with money defines you How to gain introspection about your life and finances The randomness of financial crises Why you should have a deathbed perspective on work and savings How embrace failure can lead to huge successes The double life of billionaires: wealth and pressure The cost of a stressful job on health Why bad news travels faster Why growth comes from challenges and disasters How growth comes with stress and uncertainty Slow habits and their long term effects How personal tragedies shape life goals Why you should balance wealth with wellbeing Staying patient despite market upheavals The need for big, terrifying goals in business. The difference between being rich and feeling wealthy. Why a rising income doesn't lead to happiness The meaning of authentic success You can purchase Morgan's most recent book, ‘Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life', here: https://amzn.to/3tSRKJJ Follow Morgan: Instagram: https://bit.ly/3spU4HK Twitter: https://bit.ly/40mE6uF If you enjoy hearing about how to master the world of finance, I recommend you check out my conversation with Ramit Sethi, which you can find here: https://www.youtube.com/watch?v=ORqd9QAC8OY Watch the episodes on Youtube - https://g2ul0.app.link/3kxINCANKsb My new book! 'The 33 Laws Of Business & Life' is out now: https://smarturl.it/DOACbook Follow me: Instagram:http://bit.ly/3nIkGAZ Twitter:http://bit.ly/3ztHuHm Linkedin:https://bit.ly/41Fl95Q Telegram:http://bit.ly/3nJYxST Sponsors: British Airways: https://www.britishairways.com/en-gb/offers/sale Huel: https://g2ul0.app.link/G4RjcdKNKsb Eightsleep: https://www.eightsleep.com/uk/steven/ CODE: STEVEN (save $150 on the Pod Cover) Learn more about your ad choices. Visit podcastchoices.com/adchoices

When people ask me what good online writing looks like, I point them to Morgan Housel. Why? He takes dry financial concepts and breathes life into them with captivating stories.  And he's been doing it for a decade and a half. Before Morgan wrote “The Psychology of Money” — one of the world's most popular finance books that's now sold over 4 million copies — he spent years as a prolific writer. He wrote 2-4 articles a day when he worked at Motley Fool (3,500 in total). Then, he wrote a bunch more articles for Collaborative Fund and The Wall Street Journal.  Morgan didn't “explode onto the scene” as a newbie. He put in years of early mornings and behind-the-scenes work. The result? His voice is clear, concise, and narrative. His ideas excavate the relationship between money and human psychology. His creative process is uniquely lazy — a bold contradiction to the productivity advice of today.  Morgan is a master of two things: storytelling and brevity. And the aliveness of his writing has made him one of the most successful writers on the Internet.  In this episode, you'll learn how Morgan captivates millions of readers with his writing. We cover topics like selfish writing; ruthless self-editing; writing with brevity; and making dry ideas come alive on the page.  Website: https://collabfund.com/blog/ Twitter: https://twitter.com/morganhousel Books: "Save Even More" and "The Psychology of Money" - https://a.co/d/8IEWwtO Want to learn more about the next course with Write of Passage? Click here: https://take.writeofpassage.school/writing-sprints Want to learn more about How I Write? Website: https://writeofpassage.school/how-i-write/ YouTube: https://www.youtube.com/@DavidPerellChannel/videos Apple: https://podcasts.apple.com/us/podcast/how-i-write/id1700171470 Spotify: https://open.spotify.com/show/2DjMSboniFAeGA8v9NpoPv Learn more about your ad choices. Visit megaphone.fm/adchoices

Brought to you by Cometeer delicious hyper-fresh, flash-frozen coffee; Momentous high-quality supplements; and LinkedIn Jobs recruitment platform with 900M+ users. Morgan Housel (@morganhousel) is a partner at The Collaborative Fund. His book The Psychology of Money has sold more than three million copies and has been translated into 53 languages. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and winner of the New York Times Sidney Award. In 2022, MarketWatch named him one of the 50 most influential people in markets. He serves on the board of directors at Markel. Morgan's new book is Same As Ever: A Guide to What Never Changes. You can find my first, widely popular interview with Morgan at tim.blog/morganhousel.Please enjoy!This episode is brought to you by Cometeer! Cometeer is hyper-fresh, expertly brewed, flash-frozen coffee that produces an incredibly delicious cup. Cometeer lets you prepare your coffee with no mess, no machines, no burning, and no bitterness. Cometeer sources high-quality beans from the country's top roasters. The coffee is brewed using proprietary technology to pull out more flavor compounds and antioxidants. It's then flash-frozen at minus 321 degrees Fahrenheit to lock in that incredible flavor and freshness of the specialty brew. Simply add hot water and you've got a game-changing cup of coffee. It's easily customizable in seconds for iced coffees, lattes, espresso martinis, and more.Order today at Cometeer.com/Tim, and listeners of this podcast will also receive a FREE 8-pack of Barista's Choice, a rotating selection of limited-edition specialty roasts from world-class roaster partners like George Howell, Onyx, and Intelligentsia—names many of you will recognize. *This episode is also brought to you by Momentous high-quality supplements! Momentous offers high-quality supplements and products across a broad spectrum of categories, and I've been testing their products for months now. I've been using their magnesium threonate, apigenin, and L-theanine daily, all of which have helped me improve the onset, quality, and duration of my sleep. I've also been using Momentous creatine, and while it certainly helps physical performance, including poundage or wattage in sports, I use it primarily for mental performance (short-term memory, etc.).Their products are third-party tested (Informed-Sport and/or NSF certified), so you can trust that what is on the label is in the bottle and nothing else. If you want to try Momentous for yourself, you can use code Tim for 20% off your one-time purchase at LiveMomentous.com/Tim. And not to worry, my non-US friends, Momentous ships internationally and has you covered. *This episode is also brought to you by LinkedIn Jobs. Whether you are looking to hire now for a critical role or thinking about needs that you may have in the future, LinkedIn Jobs can help. LinkedIn screens candidates for the hard and soft skills you're looking for and puts your job in front of candidates looking for job opportunities that match what you have to offer.Using LinkedIn's active community of more than 900 million professionals worldwide, LinkedIn Jobs can help you find and hire the right person faster. When your business is ready to make that next hire, find the right person with LinkedIn Jobs. And now, you can post a job for free. Just visit LinkedIn.com/Tim.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Today we're talking with journalist and author Morgan Housel, his book The Psychology of Money is one of my all-time favorites. His message is straightforward, preparation beats trying to predict the market every time.  Morgan Housel, is an award winning writer and partner at The Collaborative Fund and a former Wall Street Journal columnist. His wealth of experience and insights into the world of finance and economics make for a fascinating discussion.  

#128: Renowned financial columnist, Morgan Housel joins for a deep dive into the psychology of money. We discuss the mindset of winning investors, new ways to deal with risk and strategies to achieve financial independence, including tips to build up cash, the most essential financial hack that everyone needs to know and more. (This episode originally aired in June 2021, but I really enjoyed re-listening to it and thought you would too). Morgan Housel (@morganhousel) is the bestselling author of The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness. He's also a partner at Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal. Link to Full Show Notes: https://www.allthehacks.com/psychology-of-money-replay Partner Deals Pacaso: Free early access to listings and $2,500+ in closing credits DeleteMe: 20% off removing your personal info from the web Notion: Try Notion AI free to automate tedious tasks and streamline your work Vuori: 20% off the most comfortable performance apparel I've ever worn LMNT: Free sample pack of my favorite electrolyte drink mix For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned Morgan Housel: Twitter | Blog | Website | LinkedIn Morgan's Book: The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness FIRE Movement Documentary: Playing With FIRE Benjamin Graham's Books: The Intelligent Investor | Security Analysis Eric Johnson's Book on Nazi Germany: What We Knew Jason Zweig's Column on WSJ Full Show Notes (03:21) What Drove Morgan to Write ‘The Psychology of Money' (04:28) Finance on Paper vs. Finance in the Real World (07:35) The Ultimate Goal of Learning and Mastering Money (09:55) Financial Independence as a Spectrum (15:07) Building Up Cash: To Save More or to Earn More (18:11) Tactics to Stop Wanting More (21:56) The Extremities of the FIRE Movement (24:07) Why People Become Irrational with Money (30:23) The Impact of the 29-Year Recession Gap in Australia (33:45) The Best Way to Learn from History for Risk Tolerance (43:43) An Analysis of the Best Performing Mutual Funds (48:52) How Overconfidence Can Lead to Trouble (51:39) Ways to Educate People about the Basics of Finance (55:18) The Volatility of Cryptocurrency (56:20) The Most Overlooked Aspect of Behavioral Finance (57:42) The Only Financial Hack You Need in Your Life Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor's Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.