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Intro
This chapter explores key lessons from the works of a New York Times bestselling author, highlighting the significance of storytelling in investment success. It delves into how optimism influences market perceptions and the crucial role of understanding personal financial goals in shaping investment strategies.
On today’s episode, Clay shares the most important lessons he’s learned from Morgan Housel.
Morgan Housel is a partner at The Collaborative Fund. He's the New York Times Bestselling author of The Psychology of Money and Same As Ever. His books have sold over 4.5 million copies and have been translated into more than 50 languages. He also serves on the board of directors at Markel.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:24 - Why the best story wins.
09:35 - Why the biggest risk is the one nobody sees coming.
23:03 - The seduction of pessimism and why it pays to be an optimist.
27:18 - The importance of understanding ‘enough’.
44:42 - The importance of patience and investing with a long time horizon.
52:34 - The impact of debt.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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