The Intrinsic Value Podcast - The Investor’s Podcast Network

MI171: The Psychology of Money Book Review (Mini-Episode)

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IN THIS EPISODE, YOU’LL LEARN:

  • 01:19 - Clay’s biggest takeaways from reading The Psychology of Money by Morgan Housel.
  • 04:55 - Why it’s better to study broad trends and patterns rather than specific individuals.
  • 08:44 - Warren Buffett’s secret weapon to becoming one of the richest people on the planet.
  • 09:30 - The story of how Jesse Livermore built a fortune trading stocks, only to eventually lose it all.
  • 14:39 - What Morgan Housel’s definition of wealth is.
  • 17:25 - Why trying to make market predictions is a fool’s game.
  • 24:50 - How Morgan Housel thinks about and handles his own finances.
  • And much, much more!


    • *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.


    BOOKS AND RESOURCES

    • Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
    • Morgan Housel’s book The Psychology of Money.
    • Housel's concept of the man in the car paradox.
    • JL Collin’s book The Simple Path to Wealth.
    • Ramit Sethi’s book I Will Teach You To Be Rich.
    • Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.
    • Follow Clay on Twitter.
    • Get a FREE audiobook from Audible.
    • Check out our Investing Starter Packs about business and finance.


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      • Airbnb


        • Connect with Clay: Twitter


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        The Intrinsic Value Podcast - The Investor’s Podcast NetworkBy The Investor's Podcast Network
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