Investor Behavior and the Business of Popularity
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 26 October 2018
⏱️ 40 minutes
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| 0:49.7 | From fool global headquarters, this is Motley Fool Money. It's the Motley Fool Money |
| 0:54.0 | radio show. I'm Chris Hill. Thank you so much for listening. For the past few days, |
| 0:57.7 | we've been in Denver for a very Motley Fool investing conference, so we've got something a little |
| 1:02.1 | different this week. Later on in the show, we'll revisit my conversation with Derek Thompson, |
| 1:07.0 | author of the best-selling book, Hitmakers, the science of popularity in an age of distraction. |
| 1:12.2 | But first, a few months ago, I sat down to talk with my favorite financial columnist, Morgan Housel. |
| 1:18.4 | Let's start with the thing that you wrote recently that got more buzz on Twitter than anything |
| 1:26.1 | I've seen. And a lot of the stuff you write gets a lot of buzz on Twitter, but I haven't seen |
| 1:30.9 | anything like this. And it was a long piece entitled The Psychology of Money. And let me quote |
| 1:35.8 | from early into piece, investing is not the study of finance. It's the study of how people behave |
| 1:42.1 | with money. That's right. That really is, and when I read the piece, it was one of those things that |
| 1:47.1 | just kept going back to me like, yeah, we're weird creatures. When it comes to money, we human |
| 1:53.7 | beings. Yeah. Now, the whole post is 9,000 words, and I think that sentence that you just quoted |
| 1:59.3 | is probably, all you need to read. If you don't want to read the other 8,900, that's really all you |
| 2:04.3 | need to read. Because that's always how I thought about investing. There's no amount of intelligence |
... |
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