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The Pomp Podcast

#374: Morgan Housel on the Psychology of Money

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.81.9K Ratings

🗓️ 1 September 2020

⏱️ 89 minutes

🧾️ Download transcript

Summary

Morgan Housel is a partner at The Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal. He also recently wrote a fantastic book titled, The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness. In this conversation, we discuss his writing process, what content he consumes, his biggest investing mistake, portfolio allocation, risk/reward, index funds, mental models, 60/40 portfolios, and Bitcoin. ============================ Athletic Greens is an all-in-one daily drink to support better health and peak performance. Even with a balanced diet, it’s difficult to cover all of your nutritional bases. That’s where Athletic Greens will help. Their daily drink is like nutritional insurance for your body that’s delivered straight to your door. You can get yours at https://athleticgreens.com/pomp ============================ Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp ============================ Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp podcast.

0:06.0

Simply the best podcast out there. Let's kick this thing off.

0:10.0

Morgan Housel is a partner at the Collaborative Fund and a former columnist at The Motley Fool and the Wall Street Journal.

0:18.0

He also recently wrote a fantastic book titled The Psychology of Money,

0:21.6

Timeless Lessons on Wealth, Greed, and Happiness. In this conversation, we discussed his writing process,

0:28.6

what content he consumes, his biggest investing mistake, portfolio allocation, risk reward,

0:34.6

index funds, mental models, 6040 portfolios, and Bitcoin.

0:40.2

I really enjoyed this conversation with Morgan, and I hope you will as well.

0:45.0

Before we get into the episode, though, I want to quickly talk about our sponsors.

0:48.8

The first is athletic greens.

0:51.8

If you're like me and you're really pushing hard at multiple areas of your

0:55.1

life, you may not be eating the most balanced diet. Then you probably want some extra

1:00.1

nutritional support that's going to be an upgrade on your current multibitamin or current

1:04.9

regime. Everyone knows that I eat dominoes every Saturday and I love it.

1:15.8

Or even if you have a balanced diet, it's near impossible to eat perfectly every day.

1:20.6

That's why I get the peace of mind, including athletic greens and my nutritional routine every day and why I'm pumped.

1:23.2

That's right, not pumped, but I'm pumped.

1:25.7

They are sponsors to the show.

1:27.3

So athletic greens is an all in one daily drink

1:30.4

that supports better health and peak performance.

1:33.7

It contains 75 vitamins, minerals,

1:36.1

and whole food source ingredients

...

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