How FOMO, Doom, and Ego Impact Your Money — ft. Morgan Housel

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6 • 722 Ratings

🗓️ 13 June 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Morgan Housel, New York Times bestselling author of “The Psychology of Money,” joins the show to break down some of the worst traits an investor can have. He also discusses the difference between being wealthy and being rich, how to deal with uncertainty in the markets, and how he thinks about giving money to his kids. Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	support for this show comes from Indeed.
0:02.9	With Indeed sponsored jobs, your post jumps to the top of the page for your relevant candidates.
0:08.2	So there's no need to wait any longer.
0:10.2	You can speed up your hiring right now and find your next great hire with Indeed.
0:15.0	Get a $75-sponsored job credit to get your jobs more visibility at Indeed.com slash Vox Business.
0:22.5	That's Indeed.com slash Vox Business.
0:25.9	And support the show by saying you heard about Indeed on this podcast.
0:29.7	Indeed.com slash Vox Business.
0:32.9	Terms and conditions apply.
0:34.6	Hiring?
0:35.4	Indeed is all you need.
0:39.2	Today's number 2 $2.9 million. That's how much the guitar John Lennon used to record
0:44.5	help-s-old-border auction. True story. Yoko and John, in order to get their little boy to eat,
0:50.4	would say, give peas a chance.
1:05.3	We don't know they see on peas a chance. Welcome to Prop G Markets.
1:07.9	Today we're speaking with Morgan Housel, the New York Times bestselling author of The Psychology of Money, and same as ever. But first, here with the news is Prop G media analyst Ed Ellison. Ed, did you notice my time?
1:19.7	Yeah, I did. What is that for? You know, I don't like to talk about this kind of stuff, Ed, but since you asked, I was at the Yale CEO summit virtually, and I spoke after
1:31.8	and before so I felt very young. I felt very young. But am I speaking out of school here?
1:40.5	I guess I'm not supposed to say what happened. Anyways, very impressive group of people
1:43.5	we were talking about social media and regulation and all of the legislation
1:47.6	that's come down the pike from our great leadership. None. Absolutely none. What was the
1:53.0	spark notes on what you said? Well, as you can imagine, I only get invited to stuff to speak about
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Vox Media Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Vox Media Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.