meta_pixel
Tapesearch Logo
Log in
The Morgan Housel Podcast

The Psychology of Why Prediction Can Be So Hard

The Morgan Housel Podcast

Morgan Housel

Business

4.91.1K Ratings

🗓️ 14 March 2025

⏱️ 16 minutes

🧾️ Download transcript

Summary

A few ideas on why prediction is so hard, and the weird things than happen in our head when we want certain outcome to be true. 

Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.

Transcript

Click on a timestamp to play from that location

0:00.0

The whole purpose of money is as a tool to give you a better life. That's always been my mantra.

0:04.8

And if there's one area of my life that I've wanted to improve, it is my sleep. I have always been a

0:09.5

terrible sleeper, and it's had such a big impact on my health and occasionally my mood. I recently

0:14.1

started using eight sleep, and it has been wonderful. Truly one of the best investments I've made

0:19.0

in a while. Eight sleep is a mattress cover that heats and cools underneath you while you sleep, analyzing your sleep patterns to

0:24.9

find the right temperature and automatically adjusting throughout the night. It also gives you

0:28.5

tons of data the next morning showing your sleep patterns, where you can improve, and how much rest

0:33.0

you actually received. I love it. If you want to check out more and get up to $350 off, go to 8Sleep.com

0:39.6

slash Morgan Housel. That's E-I-G-H-T-Sleep.com slash Morgan Housel.

0:52.4

I used to live in Washington, D.C.

0:54.9

I don't anymore, but I enjoyed it there.

0:57.1

It was an awesome place to be.

0:58.8

And one of the things that I love doing, I'm not going to pretend I did this all the time,

1:02.8

but I probably did it half a dozen times while I lived there was go to the Library of Congress

1:06.9

in Washington, D.C., and dig through old newspapers.

1:12.3

Now, let me explain that.

1:13.3

In the Library of Congress, they have a section where they have for probably about a dozen,

1:18.4

maybe two dozen newspapers, every single edition that was ever published going back to,

1:24.4

in some cases, the 1700s.

1:27.4

It is absolutely fascinating.

1:29.0

They're all on microfilm.

1:30.2

You can dig through them pretty easily.

...

Please login to see the full transcript.

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

Generated transcripts are the property of Morgan Housel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.