Our guest this week is Morgan Housel. Morgan was one of our first guests on The Long View back in May 2019, and we’re happy to welcome him back. Morgan is a partner at The Collaborative Fund, a venture capital firm. He is also a successful author—his first book, The Psychology of Money, having sold more than 2 million copies and been translated to 49 languages. In addition to his book, Morgan frequently publishes content to The Collaborative Fund’s blog and is active on social media at @MorganHousel. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of The New York Times Sydney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He also serves on the board of directors at Markel.

Background

Bio

The Psychology of Money, by Morgan Housel

Collab Blog

Storytelling and Advice

“What’s the Curse of Knowledge, and How Can You Break It?” by Loren Soelro, Ph.D., psychologytoday.com, April 28, 2021.

Cancer: The Emperor of All Maladies, Ken Burns Presents a Film by Barak Goodman

Robert A. Weinberg

“Best Story Wins,” by Morgan Housel, collabfund.com, Feb. 11, 2021.

“Never Saw It Coming,” by Morgan Housel, collabfund.com, April 25, 2022.

“Deep Roots,” by Morgan Housel, collabfund.com, March 31, 2022.

Contradictions and Enough

The Economist

“Little Rules About Big Things,” by Morgan Housel, collabfund.com, Oct. 11, 2022.

“Expectations (Five Short Stories),” by Morgan Housel, collabfund.com, Oct. 6, 2022.

“Good Enough,” by Morgan Housel, collabfund.com, Sept. 7, 2022.

“Surprise, Shock, and Uncertainty,” by Morgan Housel, collabfund.com, March 3, 2022.

Randomness, Chance, and Happiness

“Tails, You Win,” by Morgan Housel, collabfund.com, July 26, 2022.

The Intelligent Investor: The Classic Text on Value Investing, by Benjamin Graham

“Wealth vs. Getting Wealthier,” by Morgan Housel, collabfund.com, June 28, 2022.

“Low Expectations,” by Morgan Housel, collabfund.com, March 9, 2022.

Behavioral and History

The Great Depression: A Diary, by Benjamin Roth

“We’ll Get Through This,” by Morgan Housel, collabfunds.com, March 9, 2020.

Daniel Kahneman

Jason Zweig

“The Big Lessons of the Last Year,” by Morgan Housel, collabfunds.com, April 2, 2021.