Sally Kohn: Human beings are uniquely able to learn from the experience of others, but incredibly disinclined to do so. I think 80 % of society wants and needs good advice. And if you can push in the right direction, point them in theright direction, and she'll make hay. She says what matters in investing is how you behave during that one percent of the time when the market is either going crazy up or crazy down. The difference between learning during a bull market versus experiencing a bear market "is night and day," he said.
Morgan Housel comes back for his second episode and Infinite Loops’ 100th episode! Morgan is a financial writer and author of the bestselling book “Psychology of Money” — having sold more than a million copies worldwide! You can follow Morgan on Twitter at https://twitter.com/morganhousel, and read his blog at https://www.collaborativefund.com/blog/ Show Notes:
- Morgan’s role at Collaborative Fund
- Marketing that isn’t “forced”
- Good product is good marketing
- When perception becomes reality
- Feedback to Morgan’s book
- The power of stories
- Understanding finance vs. Experiencing it
- Writing is thinking
- Not a great age for middlemen
- Promises of crypto
- Should volatility be considered as risk?
- Morgan’s next book
- Disconnect between the ideal and the practical
- Change in Morgan’s life after his book’s success
- Happiness is not about money
- Raising children into great adults
- Interviews should be conversations, not interrogations
- On luck and humility
Books Mentioned:
- Psychology of Money; by Morgan Housel