Morgan Housel on the New Way We Think About Money

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 21 September 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

When generations undergo any kind of collective life-changing event, it shapes how people think about money -- and how they think about spending and investing. Past upheavals like the Great Depression, the World Wars, the inflation of the 1970s, and Weimar-era hyperinflation, had profound effects on the cohorts that lived through them. So what will be the effect of the pandemic on current generations? And what is the combined effect on people who lived through the pandemic, the Great Financial Crisis, and 9/11 in a span of less than 20 years? On this episode, we speak to Morgan Housel, personal finance expert and author of the bestselling book The Psychology of Money, on the lasting impact from these recent societal disruptions.

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0:00.0	Do you know what your interest rate is on your savings account?
0:02.7	I bet it's lower than you think.
0:04.4	Go ahead and look.
0:05.2	And in the meantime, I'll tell you about US Treasury bills on public.
0:09.2	As of 9-1-2023, you could earn an annualized 5.5% yield with T-bills when held to maturity.
0:16.2	That's the highest rate on six-month Treasury bills since the year 2000.
0:20.0	Go to public.com slash T-Bill podcast to get started.
0:23.8	This is a paid endorsement by public.com,
0:26.0	fees and conditions apply.
0:27.3	Treasury accounts at public.com or through Gico Securities Inc.
0:30.4	Member Finra and SIPC.
0:31.8	Not FDIC insured?
0:33.1	No bank guarantee.
0:34.0	May lose value.
0:34.8	Full disclosures can be found at www.public.com slash T-Bill podcast.
0:40.4	This is Carol Maser.
0:41.4	Here to tell you about another podcast we think you'll love listening to.
0:44.9	Bluebird Business Week.
0:46.1	Join us every weekday for the day's breaking business, finance, tech, and entertainment news
0:50.8	from reporters and editors who bring you America's most trusted business magazine.
0:54.9	Central banks can get on top of inflation if they want to.
0:57.9	The trend and AI models is the figure is better.
	...

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