Category Archive

In his book The Psychology of Money, Morgan Housel explains why “Don’t Do Anything” are the most powerful works in finance. Here’s an excerpt from the book: If your sink breaks, you grab a wrench and fix it. If your arm breaks, you put it in a cast. What do … Read More

In his recent interview with Tim Ferriss, Morgan Housel explains why investing like Warren Buffett sounds easy, but is really complex. Here’s an excerpt from the interview: Morgan Housel: I think one of the things that’s easy to minimize is that Buffett is a very good communicator. He’s a very … Read More

In his book – The Psychology of Money, Morgan Housel shares a story about two investors which demonstrates how investing behavior is inborn. Here’s an excerpt from the book: Grace Groner was orphaned at age 12. She never married. She never had kids. She never drove a car. She lived … Read More

In his book – The Psychology of Money, Morgan Housel provides a great illustration of paying the psychological price for higher returns. Here’s an excerpt from the book: Say you want a new car. It costs $30,000. You have a few options: 1) Pay $30,000 for it. 2) Buy a … Read More

In his new book – The Psychology of Money, Morgan Housel provides a great illustration of how success in investing is achieved by remaining calm through ‘punctuated moments of terror’ in the market. Here’s an excerpt from the book. Consider what would happen if you saved $1 every month from … Read More

A couple of years ago Morgan Housel did one of the best presentations on investing titled – What Other Industries Teach Us. The presentation features a number of stories that teach us about human nature and why so many investors are their own worst enemies. It’s a must watch for … Read More

Here’s a great new paper by Morgan Housel at The Collaborative Fund titled – Three Big Things – The Most Important Forces Shaping the World, which discusses the three ‘Big Things’ that will have a profound impact on coming decades because they’re both transformational and ubiquitous. Here’s an excerpt from … Read More