The Psychology of Money with Morgan Housel

One of the most important financial skills: recognizing when things are abnormally good and realizing they won't last. This episode is brought to you by Davis Advisors. To learn more, visit https://www.davisadvisors.com/. Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

Most forecasts are hyper-optimistic or hyper-pessimistic. Not enough attention to the possibility that the main outcome in 10 years is that all businesses are 20%-30% more productive and life goes on. This episode is brought to you by Davis Advisors. To learn more, visit https://www.davisadvisors.com/. Disclosure: Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

This episode is brought to you by “Stay Calm” the new book by David Booth. To learn more, visit https://www.staycalminvesting.com/.

This episode is brought to you by “Stay Calm,” the new book by David Booth. To learn more, visit https://www.staycalminvesting.com/

This episode is brought to you by Davis Advisors. To learn more, visithttps://www.davisadvisors.com/. Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279.Investing involves risks including possible loss of principal.

This episode is brought to you by Davis Advisors. To learn more, visithttps://www.davisadvisors.com/. Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

Plus, a story about free money, and the dangers of telling people what they want to hear. This episode is brought to you by Davis Advisors. To learn more, visithttps://www.davisadvisors.com/. Disclosure: Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

Plus, the inability to spend when you've already saved enough, and the value of scarcity.

Plus, how to deal with minimalism, and what happens when everyone makes good financial decisions. Read the article I mention, Grip Strength, by Jeremy Giffon here .

Plus, the dangers of making money your identity.

Plus, a great documentary I'd recommend.

Plus, a new name for this podcast: The Psychology of Money.

Plus, thoughts on earning passive wealth.

Plus, comparing the cost of things you love.

Plus, thoughts on the scarcity mindset with money.

The luckier you are the nicer you should be, plus three questions from you.

This podcast is going through some changes. As part of the new format, I'll be answering your questions on future episodes. Have a question? Send it to pod@longtermwords.com.

Generational progress, wealth, and spoiled kids.

We're back! A list a few big things I've been thinking about lately.

This is a full-chapter preview of my new book, The Art of Spending Money, out today. Click here to buy the book.