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#001 Morgan Housel on The Psychology of Money

The Julia La Roche Show

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The Importance of Humility in Money

There's this great kind of juxtaposition from these people who are irresponsible with money. You have this amazing chapter about this man, Ronald Reed, who died in his 90s with like what, like eight million dollars. He was a gas station attendant and a janitor. That's what he did for his career. And that's it. It's the whole, there's nothing more to the story than that. So that gets to my point of like these people who have no education, no experience, no bad, no connections, no capital. And they do so much better, performs so much better than some of the people who have the best education and the best background, the best

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