What Financial Experts Won't Tell You About Money With Morgan Housel
Erika Taught Me
00:00
The More Complex Your Finances, the Better You'll Do
I have no FOMO in finance, a fear of missing out. It would not surprise me in the slightest if crypto does amazing things and completely changes the world. There's always in any new industry, like a massive washout, 99% of new entrants go, just disappear. But as an industry, it can still do very well if the 1% that stick around become trillion dollar companies. That's what happened with GM Ford and Chrysler. Like if you invested in every automaker in the early 1900s, even if 99% went bankrupt, you still did pretty well. Do people have the iron gut that lets them do that? And do you hope that Bitcoin and ETH might
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