Money and Happiness (with Morgan Housel)

Stay Tuned with Preet

Vox Media Podcast Network

News, Society & Culture, Politics, Government

4.8 • 32.4K Ratings

🗓️ 14 December 2023

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

Can money buy happiness? Finance writer Morgan Housel made waves in 2020 with the publication of his runaway hit The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness. Housel’s new book, Same as Ever: A Guide to What Never Changes, is an instant bestseller. Housel joins Preet to talk about the psychology of money and the motivations that can help and hurt investors – and all of us. Plus, the problem with referring to federal judges by the presidents who appointed them and the question of damages in the Rudy Giuliani defamation trial. Don’t miss the Insider bonus, where Preet and Housel discuss the podcast industry and further explore Housel’s life story. To listen, become a member of CAFE Insider for $1 for the first month. Head to cafe.com/insider. For show notes and a transcript of the episode head to: cafe.com/stay-tuned/money-and-happiness-with-morgan-housel/ Have a question for Preet? Ask @PreetBharara on Threads, or Twitter with the hashtag #AskPreet. Email us at staytuned@cafe.com, or call 669-247-7338 to leave a voicemail. Stay Tuned with Preet is brought to you by CAFE and the Vox Media Podcast Network. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	From Cafe and the Vox Media Podcast Network, welcome to stay tuned.
0:05.0	I'm Preet Barara.
0:08.0	It's definitely going to be the case that there are a small subset of investors.
0:12.0	The harder they try, the smarter they become, the better they're going to do. But you know, in my
0:16.7	estimation it's probably something less than 5% of investors. If that, maybe 1% of investors will be able to consistently do it and of course we are
0:24.6	always going to praise and admire those investors.
0:40.0	That's Morgan Housall. He's a partner at the Collaborative Fund and the author of two best-selling books about finance and human nature. The first, The Psychology of Money, has sold almost 4 million copies since its release in 2020.
0:46.5	The second, last month's same as ever, was an instant bestseller and explores the things that never
0:52.4	change.
0:53.2	Howzel joins me to discuss the reason for Warren Buffett's success, the balance between
0:57.5	risk and reward, and why there isn't such a thing as enough for some investors. That's coming up. Stay tuned. Support for this show comes from Capital.com. Experience seamless trading with
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1:55.0	credit score or your outrageous food delivery habits.
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	...

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