Ep.100 — Morgan Housel — The Best Story Wins

Morgan Housel comes back for his second episode and Infinite Loops’ 100th episode! Morgan is a financial writer and author of the bestselling book “Psychology of Money” — having sold more than a million copies worldwide!

Show Notes:

- Morgan’s role at Collaborative Fund
- Marketing that isn’t “forced”
- Good product is good marketing
- When perception becomes reality
- Feedback to Morgan’s book
- The power of stories
- Understanding finance vs. Experiencing it
- Writing is thinking
- Not a great age for middlemen
- Promises of crypto
- Should volatility be considered as risk?
- Morgan’s next book
- Disconnect between the ideal and the practical
- Change in Morgan’s life after his book’s success
- Happiness is not about money
- Raising children into great adults
- Interviews should be conversations, not interrogations
- On luck and humility

Books Mentioned:

- Psychology of Money; by Morgan Housel

[ishan]

Hi Jim 👋

I'm from India. My media diet is a bunch of podcasts and Youtubers I admire. Count yourself in this list. One thing strikes me regularly: how easily the conversation flows between you and the guest despite age differences. Western culture has nailed the superiority of ideas. You'd never find that here in Asia.

[bretw]

Excellent episode Jim 🍷
Morgan's a fountain of superb investment insights.
I particularly loved your question, "you don't think volatility is a risk" and Morgan countering by saying, "if it leads to risky behaviour, it is."

[colinjames]

I enjoyed the episode, seeing how well you two chat with each other but being so far apart in age. It shows how well you like talking with each other.

[roni]

Watching so many podcasts and all you investors somehow know each other etc. Really struggling to keep up but enjoying the ride. My struggle comes with listening to one podcast for example saw one of Zweig and watched now Morgan for example, i seem to forget stuff Zweigh said maybe i should slow down!

[sidjain]

A quote that resonated a lot on the happiness point —

“The greatest predictor of your future happiness is your happiness today. Carpe Diem” — Karen Peacock, CEO Intercom