Morgan says he has a lower risk tolerance than other people of his age and income. He believes that the behavior side of investing is the most important. Morgan's entire networth, more or less, s accounts: house, checking account, vanguard total stock market index and international fund.
In this episode of Infinite Loops we spoke with Morgan Housel, a Partner at the Collaborative Fund. Our conversation covered:
- The content of Morgan’s upcoming book
- Whether money is the ‘last taboo’
- Money as a hierarchal system
- What shapes the role of money in different societies
- Investor psychology and self-inflicted problems
If you’d like to pre-order Morgan’s book, you can find more information here: https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681