Morgan Housel The Psychology of Money, Incentives, Investing, & Human Misjudgement - #377

Morgan’s books have sold over seven million copies and have been translated into more than 60 languages. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and winner of the New York Times Sidney Award. MarketWatch named him one of the 50 most influential people in markets. He's a partner at The Collaborative Fund and serves on the board of directors at Markel. We discuss: Human Psychology and Risk Tribalism, Anger & Humor Investing Philosophies Writing and Book Publishing Lessons The Drive of Successful Entrepreneurs Balancing Wealth and Happiness Links: Morgan on X - https://x.com/morganhousel The Psychology of Money by Morgan Housel - https://bit.ly/4gwuu6T Same as Ever by Morgan Housel - https://bit.ly/4jS5ry4\ Collaborative Fund - https://collabfund.com/ Topics: 00:00 - Intro 01:41 - Lessons from a Skiing Tragedy 05:51 - The Impact of Personal Experiences on Risk Tolerance 08:18 - The Tribal Nature of Human Behavior 14:42 - The Role of Anger and Humor in Online Interactions 20:16 - Behavior vs. Knowledge in Investing 39:44 - The Halo Effect and Perception 40:55 - Warren Buffett's Personal Sacrifices 42:05 - The Cost of Professional Success 43:36 - Balancing Personal and Professional Life 45:37 - The Complexity of Wealth 01:02:53 - Teaching Kids About Money 01:13:54 - The End of History Illusion 01:15:35 - Conclusion and Final Thoughts Support our Sponsors: Fort: https://bit.ly/FortCompanies Follow Fort on LinkedIn:   / fort-companies   Vesto - https://www.vesto.com/fort Chris on Social Media: The Fort Podcast on Twitter/X: https://x.com/theFORTpodcast Instagram:   / thefortpodcast   LinkedIn: https://bit.ly/45gIkFd Watch The Fort on YouTube: https://bit.ly/3oynxNX Visit our website: https://bit.ly/43SOvys Leave a review on Apple: https://bit.ly/45crFD0 Leave a review on Spotify: https://bit.ly/3Krl9jO