The 7investing Podcast

The Psychology of Money with Morgan Housel


Listen Later

Long-term success in investing is about much more than just picking good stocks.

There are several lurking landmines that could wreak havoc on our long-term investment returns. Emotional and unconscious biases often convince us to buy or sell great companies at exactly the wrong time. Ecstatic bubbles can pop and create panic-laden recessions, causing broader-market sell offs that torpedo entire sectors. And while they may be seldom-discussed and underappreciated, the cousins of risk and luck have an undeniable impact on the success of businesses and on investment portfolios.

In short, it’s a crazy world out there. The more we can do to acknowledge and course-correct against the strong current of factors working against us, the better off we’ll be as investors. It was Napoleon who once said “a genius is the man who can do the average thing when everyone else around him is losing his mind.”

To help us navigate the ever-changing map of long-term investing, we’ve brought in one of the world’s brightest financial captains.

Morgan Housel is a partner of the Collaborative Fund and has spoken about behavioral finance at conferences all across the globe. He is also the author of The Psychology of Money, which shares several lessons about long-term success in investing and in life. Napoleon’s quote is prominently displayed on the very first page of his book.

In an exclusive interview with 7investing, Morgan brings a goldmine of advice and information to help investors. We organize a wealth of knowledge into 7 themes (it had to be 7!), where Morgan provides his overall thoughts, cites several historical examples, and provides the most important investing takeaways. 7investing CEO Simon Erickson also spots Morgan up with an investing-related question for each of the seven themes.

We also recommend having 7investing put up the buy-in for Morgan to join the World Series of Poker (you heard it here first), question his likeness to a character on Game of Thrones, and offer advice for younger investors. And as a closing finale, Morgan answers seven questions that were submitted on Twitter by our 7investing followers!

...more
View all episodesView all episodes
Download on the App Store

The 7investing PodcastBy 7investing

  • 4.1
  • 4.1
  • 4.1
  • 4.1
  • 4.1

4.1

87 ratings


More shows like The 7investing Podcast

View all
Motley Fool Money by The Motley Fool

Motley Fool Money

3,226 Listeners

We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

We Study Billionaires - The Investor’s Podcast Network

3,373 Listeners

Rule Breaker Investing by The Motley Fool

Rule Breaker Investing

943 Listeners

Exchanges by Goldman Sachs

Exchanges

962 Listeners

Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

397 Listeners

Odd Lots by Bloomberg

Odd Lots

1,945 Listeners

Bold Names by The Wall Street Journal

Bold Names

1,455 Listeners

Trillions by Bloomberg

Trillions

194 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,035 Listeners

The Compound and Friends by The Compound

The Compound and Friends

2,120 Listeners

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

The Intrinsic Value Podcast - The Investor’s Podcast Network

557 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

350 Listeners

The Macro Trading Floor by Alfonso Peccatiello & Brent Donnelly

The Macro Trading Floor

220 Listeners

On Investing by Charles Schwab

On Investing

318 Listeners

Prof G Markets by Vox Media Podcast Network

Prof G Markets

1,410 Listeners