Let Me Convince You To Save Money
Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
May 06, 2025•12 min•Season 1Ep. 75
The Morgan Housel Podcast
The Morgan Housel Podcast -- timeless lessons on wealth, greed, and happiness.
Episodes
How We Used to Live (Levittown, Progress, and Expectations)
Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Apr 24, 2025•22 min•Season 1Ep. 74
Tariffs, Trust, Risk, and Regret
Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Apr 16, 2025•16 min•Season 1Ep. 73
My Thoughts on Tariffs, Economic History, and the Market Decline
Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
Apr 08, 2025•29 min•Season 1Ep. 72
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 well at night and being proud of themselves in a complicated world. Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
Apr 02, 2025•16 min•Season 1Ep. 71
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 my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Mar 28, 2025•12 min•Season 1Ep. 70
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 functionality for the tenants. The same is so true for financial professionals. If you are looking for practical advice, beware hiring an artist whose goal is to be praised should be, too. Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morg...
Mar 20, 2025•13 min•Season 1Ep. 69
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/morganhousel for more.
Mar 14, 2025•16 min•Season 1Ep. 68
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 iPhone is a technological marvel, but Jobs spent a lot of time talking about how it felt in your hand, and the experience of opening the box. Job’s insight, and the most important factor in Apple’s success, was realizing that technology isn’t merely a science. It’s just as much an art. Thanks to my fri...
Mar 12, 2025•14 min•Season 1Ep. 67
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 more.
Mar 04, 2025•12 min•Season 1Ep. 66
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 more universal. Our desire to be independent, why we want it, what prevents us from achieving it, and why some people sabotage their ability to have it, is such a common story across cultures and generations. Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more....
Feb 28, 2025•18 min•Season 1Ep. 65
A Few Things I'm Pretty Sure About
A collection of things I've been thinking about lately that I hope you find valuable regardless of your profession. Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
Feb 21, 2025•17 min•Season 1Ep. 64
Tails, You Win
A story about how tails drive everything, and why the vast majority of your success in investing and in life will come from just a few of the things you do. Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Feb 07, 2025•16 min•Season 1Ep. 63
All The Different Ways Your Life Could Have Turned Out
Everyone knows one version of the world -- the one that's actually happened. But that's just one of infinitive possibilities that could have occurred. I asked ChatGPT to write different versions of how my life could have ended up, and was stunned by the results. I'd be you'd have the same experience. Thanks to my friends at 10 East -- check out 10east.co .
Jan 29, 2025•20 min•Season 1Ep. 62
Minimum Levels of Stress
Most people – and definitely society as a whole – seem to have a minimum level of stress. They will never be fully at ease because after solving every problem the gaze of their anxiety shifts to the next problem, no matter how trivial it is relative to previous ones. Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Jan 24, 2025•13 min•Season 1Ep. 61
What I Learned In 2024: A Tale of Tails
A look at the big story dominating this year: tails drive everything, and everything from businesses to careers either work extraordinarily well, or not at all. With thanks to my friends at Nitrogen: check out nitrogenwealth.com.
Dec 23, 2024•13 min•Season 1Ep. 60
The Most Important Financial Skill: Getting The Goalpost to Stop Moving
A look at why so many Americans think the best was better than it was: People in the past may have been poorer than we are now, but they probably did a better job keeping their expectations in check. Thanks to my friends at nitrogenwealth.com .
Dec 18, 2024•21 min
Experts From a World That No Longer Exists
The world evolves faster than people's beliefs do. This episode looks at the need to change your mind, and why it's so difficult to do so. Thanks to my friends at 10 East -- check out 10east.co.
Dec 06, 2024•13 min•Season 1Ep. 58
Universal Laws of the World
A few laws from random sciences that almost certainly apply to your own -- regardless of what you do for a living. Thanks to my friends at Nitrogen -- check out nitrogenwealth.com
Nov 27, 2024•18 min•Season 1Ep. 57
Why Pessimism Sounds So Smart
If you're a student of history, you know that most things have gotten better for most people over time. But read the news and what do you hear? Pessimism, pessimism, pessimism. There are several reasons why. Special thanks to my friends at Readwise -- check out Readwise.IO/morgan.
Nov 15, 2024•17 min•Season 1Ep. 57
Rare and Powerful Skills
A few easy-to-overlook skills that are so vital in today's world. Brought to you my friends at Readwise -- visit Readwise.io/morgan.
Nov 04, 2024•16 min•Season 1Ep. 55
My Favorite Book: An Astounding Look at How Fast the World Can Change
This episode digs into one of my favorite books of all time: The Big Change by Frederick Lewis Allen. Written in 1952, it's a remarkable look at how quickly the world can change, with so many profound insights that I find relevant today. Special thanks to my friends at Readwise.io/morgan for making this happen.
Oct 22, 2024•37 min•Season 1Ep. 54
This Was Never Easy: A Brief History of Nostalgia
There's a Russian saying that I love: "The past is more unpredictable than the future." It explains so much about nostalgia, and the twisted ways we all view the economic past. This episode is brought to you by my friends at 10 East – an investment platform for sophisticated investors to access private markets. To learn more visit 10east.co .
Oct 10, 2024•23 min•Season 1Ep. 53
Everything In Life Is Cyclical
A lot of mistakes in life come when you think risk is something caused by external forces, when in fact the weight of your own success is enough to pull you down without any outside help. This episode is brought to you by my friends at 10 East – an investment platform for sophisticated investors to access private markets. To learn more visit 10east.co .
Oct 04, 2024•14 min•Season 1Ep. 52
Do It Your Own Way
The ultimate success metric is whether you get what you want out of life. But that’s harder than it sounds because it’s easy to try to copy someone who wants something you don’t. This episode is brought to you by my friends at 10 East – an investment platform for sophisticated investors to access private markets. To learn more visit 10east.co .
Sep 27, 2024•14 min
A Few Little Ideas And Short Stories
Some of the most interesting stuff I've come across lately.
Sep 12, 2024•15 min•Season 1Ep. 50
Cumulative vs. Cyclical Knowledge
In some fields our knowledge is seamlessly passed down across generations. In others, it’s fleeting. To paraphrase investor Jim Grant: Knowledge in some fields is cumulative. In other fields it’s cyclical (at best).
Aug 29, 2024•13 min•Season 1Ep. 49
Different Kinds of BS
Jeff Bezos once said there are different kinds of smart. Distinguishing the various flavors is important because if you think smarts comes in just one form, you’ll miss dozens of other nuanced varieties. BS is the same. It comes in countless forms, some harder to spot than others. False modesty, projecting, double standards, hypocrisy, tugging at heartstrings – these aren’t lies; they’re subtle forms of BS which is why they’re so prevalent.
Jul 25, 2024•14 min•Season 1Ep. 47
I Have A Few Questions
A few important money and life topics to make you ponder.
Jul 01, 2024•14 min•Season 1Ep. 46
Quiet Compounding
"Nature is not in a hurry, yet everything is accomplished,” said Chinese philosopher Lao Tzu. Giant sequoias, advanced organisms, towering mountains – it builds the most jaw-dropping features of the universe. And it does so silently, where growth is almost never visible right now but staggering over long periods of time. It’s quiet compounding, and it’s a wonder to see. I like the idea of quietly compounding your money. Just like in nature, it’s where you’ll find the most impressive results...
Jun 17, 2024•8 min•Season 1Ep. 45
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