Morgan Housel on History, AI, and the Future of Investing

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 26 April 2026

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Morgan Housel is the bestselling author of The Psychology of Money, Same As Ever, and The Art of Spending Money. At our recent Motley Fool member event, Senior Vice-President of Rule Breakers strategy Brian Richards sat down with Morgan for a conversation about how the AI boom is intersecting with human psychology and investing. Host: Brian Richards Guest: Morgan Housel Producer: Bart Shannon, Mac Greer Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement.We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode.Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What's very unique about AI historically though is that it's the first new technology
0:09.2	that the people making it promise that if they're successful, they could destroy society. That was Morgan Housel, best-selling author of The Psychology of Money.
0:35.0	I'm Motleyful producer Matt Greer.
0:37.3	At our recent MotleyFold member event,
0:39.4	senior vice president of Rule Breakers Strategy, Brian Richards talked with Morgan about AI, history,
0:46.0	investor psychology, optimism, pessimism, and the future. It was a great conversation.
0:53.5	Enjoy. All right, Morgan, I've been looking at this conversation for a few weeks and not just because
0:58.2	you're an old friend. The topic, Dejure, AI, and innovation, I wanted to get your take on it
1:03.8	as somebody who has studied behavior, psychology, investors over time. I'd love to hear what's the most useful thing you've learned
1:13.6	yourself in the last year as a thinker.
1:16.6	One that's very unique to me maybe is I don't write nearly as much as I used to. You know,
1:22.6	I had a good 15-year run of writing every day. Fool.com was writing two or three pieces per day,
1:28.5	many of which you edited, thank you.
1:30.7	But about two years ago, I cut way, way back.
1:33.2	And I haven't really written anything significant
1:34.9	in about two years.
1:36.2	And what was interesting for me that I noticed
1:39.0	is how much of writing is not just an output,
1:41.3	it's an input.
1:42.5	It's a very clear way to crystallize your thinking
1:46.0	and to understand what you've been learning.
1:48.0	And as soon as I stopped writing,
	...

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