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Motley Fool Hidden Gems Investing

Understanding Your Investing Behavior, with Tom Gardner and Morgan Housel

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 29 January 2022

⏱️ 35 minutes

🧾️ Download transcript

Summary

Most investors are not as smart as they thought they were a year ago. Fortunately, they're also not as dumb as they feel today. Morgan Housel, author of the international best-selling book “The Psychology of Money” joins Motley Fool co-founder Tom Gardner on to discuss investing behavior and why it is the most fundamental piece of your investing success. They also talk about how you can think about your cash position and how to mentally prepare for down markets. For a free copy of our investing “Starter Kit,” visit http://fool.com/starterkit and we’ll email it to you. Stocks: NFLX, SHOP Host: Tom Gardner Guest: Morgan Housel Producer: Ricky Mulvey Engineers: Rick Engdahl, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

And most things in life have a short payback period.

0:04.2

Like I always use the example of if you go to the gym

0:06.3

and do have a heavy workout, you'll be sore tomorrow.

0:08.7

There is a quick indication that you did something beneficial.

0:12.6

In the stock market, it just,

0:13.7

sometimes it doesn't work like that.

0:15.4

You can be making great investing decisions

0:17.5

that you will look back on as the best decisions you ever made

0:20.4

and you might not get any feedback from the market.

0:23.4

That was a good decision for years.

0:25.4

I'm Chris Hill and that was Morgan Howzel, author of the International Best

0:33.3

Cellar, The Psychology of Money.

0:35.7

On this episode, Morgan joins Motley Fool's CEO Tom Gardner

0:39.0

to discuss investing behavior and why it's the most fundamental piece

0:42.9

of your long term financial success.

0:45.9

It discusses a range of topics including how to think about your cash position

0:50.2

and whether you should change your investment approach

0:52.6

if you had zero returns for five years.

0:55.2

Welcome to Motley Fool Money and the fourth and final class

1:02.4

in our four-class series on how to invest successfully the Motley Fool way.

1:06.8

Now we close up with Morgan Howzel, the author of The Psychology of Money

1:11.9

with a conversation about mindset and Morgan maybe just a sentence

...

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