The Psychology of Money — Morgan Housel

Brought to you by AG1 all-in-one nutritional supplement https://drinkag1.com/tim Show notes: https://tim.blog/2022/03/01/morgan-housel-the-psychology-of-money/ 00:00 Start 02:28 Warren Buffett vs. Jim Simons 09:36 Warren Buffett & Charlie Munger 16:58 Financial advice for parents 25:04 Dad’s unorthodox career move 31:36 Morgan’s career path 52:38 On risk 57:43 Fin tweeting heavy hitters 01:06:42 Mistakes and uncertainty 01:31:26 Peace of mind over profit 01:38:43 Ruining children with money 01:46:36 Good biographies and memoirs 01:50:54 Financial panic, temptations, and long hauls 02:09:48 Journalists to trust 02:16:25 Great books + writing advice 02:40:19 Truth vs. good marketing 02:50:30 Money is dopamine and cortisol 02:53:35 Future innovations 02:56:55 Recommended websites 02:59:07 Pay more attention to these SUBSCRIBE: http://bit.ly/1dSzTkW LINK TO ALL SHOW TRANSCRIPTS: https://tim.blog/2018/09/20/all-transcripts-from-the-tim-ferriss-show/ About Tim Ferriss: Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 500 million downloads and been selected for “Best of Apple Podcasts” three years running. Connect with Tim Ferriss: Sign up for "5-Bullet Friday" (Tim's free weekly email newsletter): https://go.tim.blog/5-bullet-friday-yt/ Visit the Tim Ferriss PODCAST: https://tim.blog/podcast/ Visit the Tim Ferriss BLOG: https://tim.blog/ Follow Tim Ferriss on TWITTER: https://twitter.com/tferriss/ Follow Tim Ferriss on INSTAGRAM: https://www.instagram.com/timferriss/ Like Tim Ferriss on FACEBOOK: https://www.facebook.com/TimFerriss/

Tim FerrisshostMorgan Houselguest

Mar 2, 20223h 3mWatch on YouTube ↗

EPISODE INFO

Released: March 2, 2022
Duration: 3h 3m
Channel: Tim Ferriss
Watch on YouTube: ▶ Open ↗

EPISODE DESCRIPTION

Brought to you by AG1 all-in-one nutritional supplement https://drinkag1.com/tim Show notes: https://tim.blog/2022/03/01/morgan-housel-the-psychology-of-money/ 00:00 Start 02:28 Warren Buffett vs. Jim Simons 09:36 Warren Buffett & Charlie Munger 16:58 Financial advice for parents 25:04 Dad’s unorthodox career move 31:36 Morgan’s career path 52:38 On risk 57:43 Fin tweeting heavy hitters 01:06:42 Mistakes and uncertainty 01:31:26 Peace of mind over profit 01:38:43 Ruining children with money 01:46:36 Good biographies and memoirs 01:50:54 Financial panic, temptations, and long hauls 02:09:48 Journalists to trust 02:16:25 Great books + writing advice 02:40:19 Truth vs. good marketing 02:50:30 Money is dopamine and cortisol 02:53:35 Future innovations 02:56:55 Recommended websites 02:59:07 Pay more attention to these SUBSCRIBE: http://bit.ly/1dSzTkW LINK TO ALL SHOW TRANSCRIPTS: https://tim.blog/2018/09/20/all-transcripts-from-the-tim-ferriss-show/ About Tim Ferriss: Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 500 million downloads and been selected for “Best of Apple Podcasts” three years running. Connect with Tim Ferriss: Sign up for "5-Bullet Friday" (Tim's free weekly email newsletter): https://go.tim.blog/5-bullet-friday-yt/ Visit the Tim Ferriss PODCAST: https://tim.blog/podcast/ Visit the Tim Ferriss BLOG: https://tim.blog/ Follow Tim Ferriss on TWITTER: https://twitter.com/tferriss/ Follow Tim Ferriss on INSTAGRAM: https://www.instagram.com/timferriss/ Like Tim Ferriss on FACEBOOK: https://www.facebook.com/TimFerriss/

SPEAKERS

Tim Ferriss
host
Host of The Tim Ferriss Show and author/investor known for long-form interviews on performance, business, and lifestyle design.
Morgan Housel
guest
Financial writer and investor, author of The Psychology of Money and partner at Collaborative Fund.

EPISODE SUMMARY

In this episode of Tim Ferriss, featuring Tim Ferriss and Morgan Housel, The Psychology of Money — Morgan Housel explores why money success depends more on behavior than math alone Morgan Housel argues that the biggest driver of investing success is sustaining decent returns for a very long time, using Warren Buffett’s longevity as the clearest example of compounding at work.

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