My Thoughts on Tariffs, Economic History, and the Market Decline
Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
8 Apr 202528min
Reasonable vs. Rational
The most impactful idea to me personally in my book: My theory is that most investment models maximize for risk-adjusted returns, but in the real world every investor wants to maximize for sleeping we...
2 Apr 202516min
Fees vs. Fines: The Cost of Admission in Investing
One of my favorite psychology studies showed that if you know a reward is coming, but you don't know exactly when, you are susceptible to losing your mind. Isn't it so similar in investing? Thanks to ...
28 Mar 202512min
Beautiful vs. Practical Advice
I heard a phrase recently: “Magazine architect.”It’s a derisive term architects use for their colleagues who design buildings that look beautiful, grace magazine covers, and win awards, but lack funct...
20 Mar 202513min
The Psychology of Why Prediction Can Be So Hard
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/morganhous...
14 Mar 202516min
The Art and Science of Investing
Technology is a science. It’s semiconductors and code and batteries.But Steve Jobs talked about how the iPad was playful and begged you to pick it up as much as he’d talk about its processor. The iPho...
12 Mar 202514min
Counterintuitive Competitive Advantages
A few things you might consider disadvantages that actually, in hindsight, could end up as something you're grateful for. Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for...
4 Mar 202511min
Pure Independence
A simple formula for a pretty nice life is independence plus purpose.Purpose is different for everyone. Sometimes it’s family, sometimes it’s community, religion, work, whatever.But independence is mo...
28 Feb 202518min
