Capital Allocators – Inside the Institutional Investment Industry Morgan Housel – The Psychology of Money (Capital Allocators, EP.155)
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Sep 7, 2020 
Morgan Housel, a partner at Collaborative Fund and acclaimed finance writer, shares insights from his best-selling book, The Psychology of Money. He discusses the unique lessons learned from his non-traditional education and shares personal anecdotes about luck, risk, and the power of patience in investing. Housel also delves into the transformative nature of human behavior in finance, the challenges of navigating social media, and his inspiring journey overcoming stuttering. Tune in for a captivating blend of personal stories and financial wisdom!
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Finding Passion in Writing
- Morgan's writing career began unexpectedly at The Motley Fool after the 2008 financial crisis disrupted his finance career plans.
- He discovered a passion for writing, particularly about the intersection of finance, psychology, and history.
Psychology and History in Finance
- Explanations for the 2008 financial crisis were not found in finance textbooks, but rather in psychology and history.
- This realization steered Morgan towards exploring the psychological and historical aspects of investing.
Janitor vs. Executive
- A janitor with simple investing habits amassed a fortune, while a Merrill Lynch vice chairman went bankrupt.
- This illustrates how success in finance depends more on behavior than credentials.
