Morgan Housel — Contrarian Cash and Writing Recommendation, Three Easy Objectives to Information Your Life, Journaling Prompts, Selecting the Proper Recreation to Play, Should-Learn Books, and Extra (#702)

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Morgan Housel — Contrarian Cash and Writing Recommendation, Three Easy Objectives to Information Your Life, Journaling Prompts, Selecting the Proper Recreation to Play, Should-Learn Books, and Extra (#702)

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December 11, 2023

Morgan Housel — Contrarian Cash and Writing Recommendation, Three Easy Objectives to Information Your Life, Journaling Prompts, Selecting the Proper Recreation to Play, Should-Learn Books, and Extra (#702)

“I’m not serious about something that’s not sustainable. Friendships, investing, careers, podcasts, studying habits, train habits. If I can’t preserve it going, I’m not serious about it.“

— Morgan Housel

Morgan Housel (@morganhousel) is a accomplice at The Collaborative Fund. His ebook The Psychology of Cash has bought greater than three million copies and has been translated into 53 languages.

He’s a two-time winner of the Finest in Enterprise Award from the Society of American Enterprise Editors and Writers and winner of the New York Instances Sidney Award. In 2022, MarketWatch named him one of many 50 most influential individuals in markets. He serves on the board of administrators at Markel.

Morgan’s new ebook is Identical As Ever: A Information to What By no means Adjustments. You could find my first, extensively in style interview with Morgan at tim.weblog/morganhousel.

Please get pleasure from!

Take heed to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or in your favourite podcast platform. Watch the interview on YouTube.

Dropped at you by Cometeer scrumptious hyper-fresh, flash-frozen espresso; Momentous high-quality dietary supplements; and LinkedIn Jobs recruitment platform with 900M+ customers.

The transcript of this episode will be discovered right here. Transcripts of all episodes will be discovered right here.

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#702: Morgan Housel — Contrarian Cash and Writing Recommendation, Three Easy Objectives to Information Your Life, Journaling Prompts, Selecting the Proper Recreation to Play, Should-Learn Books, and Extra

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Wish to hear the final time Morgan was on the present? Take heed to our dialog during which we mentioned unorthodox profession selections, instructing kids the worth of cash, classes realized from being gamed by the market, counterintuitive bets, getting ready for financially bumpy lengthy hauls, understanding the distinction between a charge and a wonderful, tolerance for petty annoyance as a invaluable life ability, and far more.

#576: Morgan Housel — The Psychology of Cash, Selecting the Proper Recreation, and the $6 Million Janitor

What was your favourite quote or lesson from this episode? Please let me know within the feedback.

SCROLL BELOW FOR LINKS AND SHOW NOTES…

SELECTED LINKS FROM THE EPISODE

Join with Morgan Housel:

Web site | Twitter | Instagram

SHOW NOTES

(07:20) Buffett’s Snickers.
(12:21) What prompted Morgan to jot down Identical As Ever?
(17:44) Morgan’s worst recommendation for aspiring writers is what works for him.
(21:48) The upsides of being wealthy and nameless.
(26:35) Ideas for elevating unspoiled youngsters.
(33:19) Ought to households keep away from passing alongside dynastic wealth?
(35:45) Discovering worthy charities and causes.
(41:02) Cash and happiness.
(48:37) Avalanches and different random, life-changing flukes.
(54:32) We are able to put together for the long run, however we will’t predict it.
(1:00:58) What present unknowns will appear shockingly apparent in a yr?
(1:03:22) Which of our present views would change if our incentives have been totally different?
(1:06:23) Essentially the most invaluable private finance asset.
(1:08:54) Optimizing the possibility of marrying the best particular person.
(1:11:38) Mending divergence in a wedding or relationship.
(1:14:49) Making an attempt to get rid of a problem that’s an unavoidable price of success.
(1:33:16) Guessing at the way forward for textual content vs. audio/video.
(1:37:41) Books vs. podcasts.
(1:46:56) Advisable studying.
(2:06:00) Has writing Identical As Ever modified how Morgan operates on the earth?
(2:07:39) Who’s the meant viewers for Identical As Ever?
(2:09:47) Parting ideas.

MORE MORGAN HOUSEL QUOTES FROM THE INTERVIEW

“Let’s deal with what we all know with certainty goes to be a half of your future, and that’s the most effective that we will do to see the long run.”
— Morgan Housel

“In something you do in life, you need suggestions that what you’re doing is working. And in plenty of these conditions, you don’t get it.”
— Morgan Housel

“Does cash purchase happiness? I feel that reply is fairly firmly no. Can cash purchase contentment? I feel that’s a reasonably agency sure. And that’s nice. Contentment is a good trait that makes your life higher, nevertheless it’s very totally different from happiness.”
— Morgan Housel

“Some individuals have fuck you cash. Charlie (Munger) has fuck you intelligence.”
— Morgan Housel

“I feel you do your greatest work if you’re being introspective about your self. And “figuring out your viewers” slips into pandering in a short time. And pandering is the worst writing. Not solely is it the worst content material, it’s the worst writing type.”
— Morgan Housel

“When individuals need one thing from you, they deal with you in a different way, and it’s not good.”
— Morgan Housel

“Quite a lot of buyers attempt to get rid of volatility, and so they view it as a burden and one thing that you must eliminate when, really … it’s the charge and never the penalty.”
— Morgan Housel

“I’m not serious about something that’s not sustainable. Friendships, investing, careers, podcasts, studying habits, train habits. If I can’t preserve it going, I’m not serious about it. And I feel the one solution to actually do that’s if you’re going out of your solution to dwell life at 80 % to 90 % potential. If you happen to’re all the time making an attempt to squeeze out one hundred pc potential for one thing, virtually definitely it’s going to result in burnout, whether or not it’s a friendship or a relationship or an investing technique.”
— Morgan Housel

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The Tim Ferriss Present is one of the most well-liked podcasts on the earth with greater than 900 million downloads. It has been chosen for “Better of Apple Podcasts” 3 times, it’s usually the #1 interview podcast throughout all of Apple Podcasts, and it has been ranked #1 out of 400,000+ podcasts on many events. To take heed to any of the previous episodes totally free, try this web page.

SELECTED LINKS FROM THE EPISODE

SHOW NOTES

MORE MORGAN HOUSEL QUOTES FROM THE INTERVIEW

PEOPLE MENTIONED

Associated and Advisable

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