In this interview with The Investor’s Podcast, Morgan Housel explained why great investing has nothing to do with how smart you are. Here’s an excerpt from the interview: Housel: This is to me is kind of the premise of my book, is just that good investing is not about what … Read More
Morgan Housel: Most Of Your Investing Success Will Come From A Small Fraction Of Your Investments
In his recent interview with The Long View, Morgan Housel explained why most of your investing success will come from a small fraction of your investments. Here’s an excerpt from the interview: Housel: And then, Ben Graham, one of the most successful investors of all time. Not only is he … Read More
Morgan Housel: “Don’t Do Anything” Are The Most Powerful Words In Finance
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
Morgan Housel: Investing Like Warren Buffett Sounds Easy, But It’s Really Complex
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
Morgan Housel: Investing Behavior Is Inborn
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
Morgan Housel: Paying The Psychological Price For Higher Returns
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
Morgan Housel: The Importance Of Remaining Calm Through ‘Punctuated Moments Of Terror’ In The Market
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
Morgan Housel: The Only Thing That You Can Control In Investing Is Your Own Behavior
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
Annie Duke & Morgan Housel: Is This The Reason Warren Buffett Has Been Quiet Lately
Here’s a great conversation with Morgan Housel and Annie Duke at the 73rd CFA Institute Annual Virtual Conference last month in which they discuss a number of topics around managing risk, investing during periods of uncertainty, and the importance of humility in the investment decision making process. During the conversation … Read More
Morgan Housel: Three Big Things – The Most Important Forces Shaping the World
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