The Psychology of Money with Morgan Housel

Morgan Housel

Timeless lessons on wealth, greed, and happiness.

Listen in PodNod RSS feed Show website

90 episodes
Updated Friday

Episodes90

Newest first

May 16, 2025 · 11 min
A Few Important Questions For You (And Some Thoughts About Buffett)
Thanks to my friends at ⁠Ramp⁠ -- the best expense accounting system I've seen. For more check out ⁠ramp.com/morgan.
May 6, 2025 · 12 min
Let Me Convince You To Save Money
Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Apr 24, 2025 · 21 min
How We Used to Live (Levittown, Progress, and Expectations)
Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Apr 16, 2025 · 15 min
Tariffs, Trust, Risk, and Regret
Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Apr 8, 2025 · 28 min
My Thoughts on Tariffs, Economic History, and the Market Decline
Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
Apr 2, 2025 · 16 min
Reasonable vs. Rational
The most impactful idea to me personally in my book: My theory is that most investment models maximize for risk-adjusted returns, but in the real world every investor wants to maximize for sleeping well at night and being proud of themselves in a complicated world. Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
Mar 28, 2025 · 12 min
Fees vs. Fines: The Cost of Admission in Investing
One of my favorite psychology studies showed that if you know a reward is coming, but you don't know exactly when, you are susceptible to losing your mind. Isn't it so similar in investing? Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Mar 20, 2025 · 13 min
Beautiful vs. Practical Advice
I heard a phrase recently: “Magazine architect.” It’s a derisive term architects use for their colleagues who design buildings that look beautiful, grace magazine covers, and win awards, but lack functionality for the tenants. The same is so true for financial professionals. If you are looking for practical advice, beware hiring an artist whose goal is to be praised should be, too. Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Mar 14, 2025 · 16 min
The Psychology of Why Prediction Can Be So Hard
A few ideas on why prediction is so hard, and the weird things than happen in our head when we want certain outcome to be true. Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
Mar 12, 2025 · 14 min
The Art and Science of Investing
Technology is a science. It’s semiconductors and code and batteries. But Steve Jobs talked about how the iPad was playful and begged you to pick it up as much as he’d talk about its processor. The iPhone is a technological marvel, but Jobs spent a lot of time talking about how it felt in your hand, and the experience of opening the box. Job’s insight, and the most important factor in Apple’s success, was realizing that technology isn’t merely a science. It’s just as much an art. Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Mar 4, 2025 · 11 min
Counterintuitive Competitive Advantages
A few things you might consider disadvantages that actually, in hindsight, could end up as something you're grateful for. Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
Feb 28, 2025 · 18 min
Pure Independence
A simple formula for a pretty nice life is independence plus purpose. Purpose is different for everyone. Sometimes it’s family, sometimes it’s community, religion, work, whatever. But independence is more universal. Our desire to be independent, why we want it, what prevents us from achieving it, and why some people sabotage their ability to have it, is such a common story across cultures and generations. Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
Feb 21, 2025 · 16 min
A Few Things I'm Pretty Sure About
A collection of things I've been thinking about lately that I hope you find valuable regardless of your profession. Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
Feb 7, 2025 · 15 min
Tails, You Win
A story about how tails drive everything, and why the vast majority of your success in investing and in life will come from just a few of the things you do. Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Jan 29, 2025 · 19 min
All The Different Ways Your Life Could Have Turned Out
Everyone knows one version of the world -- the one that's actually happened. But that's just one of infinitive possibilities that could have occurred. I asked ChatGPT to write different versions of how my life could have ended up, and was stunned by the results. I'd be you'd have the same experience. Thanks to my friends at 10 East -- check out 10east.co.
Jan 24, 2025 · 12 min
Minimum Levels of Stress
Most people – and definitely society as a whole – seem to have a minimum level of stress. They will never be fully at ease because after solving every problem the gaze of their anxiety shifts to the next problem, no matter how trivial it is relative to previous ones. Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Dec 23, 2024 · 13 min
What I Learned In 2024: A Tale of Tails
A look at the big story dominating this year: tails drive everything, and everything from businesses to careers either work extraordinarily well, or not at all. With thanks to my friends at Nitrogen: check out nitrogenwealth.com.
Dec 18, 2024 · 20 min
The Most Important Financial Skill: Getting The Goalpost to Stop Moving
A look at why so many Americans think the best was better than it was: People in the past may have been poorer than we are now, but they probably did a better job keeping their expectations in check. Thanks to my friends at nitrogenwealth.com.
Dec 6, 2024 · 13 min
Experts From a World That No Longer Exists
The world evolves faster than people's beliefs do. This episode looks at the need to change your mind, and why it's so difficult to do so. Thanks to my friends at 10 East -- check out 10east.co.
Nov 27, 2024 · 18 min
Universal Laws of the World
A few laws from random sciences that almost certainly apply to your own -- regardless of what you do for a living. Thanks to my friends at Nitrogen -- check out nitrogenwealth.com

The Psychology of Money with Morgan Housel

A Few Important Questions For You (And Some Thoughts About Buffett)

Let Me Convince You To Save Money

How We Used to Live (Levittown, Progress, and Expectations)

Tariffs, Trust, Risk, and Regret

My Thoughts on Tariffs, Economic History, and the Market Decline

Reasonable vs. Rational

Fees vs. Fines: The Cost of Admission in Investing

Beautiful vs. Practical Advice

The Psychology of Why Prediction Can Be So Hard

The Art and Science of Investing

Counterintuitive Competitive Advantages

Pure Independence

A Few Things I'm Pretty Sure About

Tails, You Win

All The Different Ways Your Life Could Have Turned Out

Minimum Levels of Stress

What I Learned In 2024: A Tale of Tails

The Most Important Financial Skill: Getting The Goalpost to Stop Moving

Experts From a World That No Longer Exists

Universal Laws of the World