Big Ideas From The Art of Spending Money
The Morgan Housel Podcast
Morgan Housel
4.9 • 1.1K Ratings
🗓️ 29 August 2025
⏱️ 11 minutes
🧾️ Download transcript
Summary
Pre-order my new book The Art of Spending Money here.
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Thanks to my friends at Public.com
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Transcript
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| 0:00.0 | This episode is brought to you by my friends at public.com, an investing platform where you can build a portfolio of stocks and bonds and more. |
| 0:07.3 | AI isn't just a feature at public. It's woven into the entire experience from portfolio insights to earnings call recaps. |
| 0:13.7 | Public gives you smarter context at every touchpoint. You can also access high yields on your cash with no fees or minimums. |
| 0:19.5 | Plus, right now, you can earn up to |
| 0:21.0 | $10,000 when you transfer your existing investment portfolio over to public. Just go to |
| 0:25.9 | public.com slash friends to fund your account in five minutes or less. Paid for by public |
| 0:30.4 | investing, full disclosures and podcast description. |
| 0:56.2 | Welcome back. This will be a very short episode. Not that my other episodes are long necessarily. I think I have one of the shortest podcasts out there, but this one will be shorter than normal. My new book, The Art of Spending Money, comes out in just about a month. |
| 1:03.6 | And look, when you're writing a book, the traditional way to do it is that you write one book about one topic. |
| 1:12.2 | And the problem with that, particularly in nonfiction, and I think everyone who reads or has read a nonfiction book will relate to this. |
| 1:18.2 | The problem is that most topics, nonfiction, do not require 300 pages of explanation. |
| 1:24.6 | You can get your point across in a couple. Many years ago, Joe Weisenthal, who is a great journalist, he's at Bloomberg now, he had this funny tweet where he said, |
| 1:29.3 | most books could be an article, most articles could be a tweet, and every tweet should be a |
| 1:34.4 | retweet. And to that point, a lot of nonfiction business books out there could have been 10 pages |
| 1:40.9 | or less. And look, that's even true. There's even some books that I love and recommend and say, oh, that is a great book. |
| 1:46.7 | You should read that book. |
| 1:47.9 | That I myself didn't make it to chapter 5 because I got the point. |
| 1:53.5 | And it was a great point. |
| 1:54.6 | It was a point that changed my thinking, but I don't need to read the rest. |
| 1:57.5 | I have always tried to get around that conundrum with nonfiction books by saying, look, |
| 2:03.4 | there is a cohesive theme to this book, but I'm going to tackle it from a dozen different angles, |
| 2:09.0 | and every chapter should be able to live independently. Every chapter is not an extension on the |
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