The Morgan Housel Podcast

Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.

Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.

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

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.

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.

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.

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.

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. 

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.

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.

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.

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.

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.

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. 

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

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.