morgan hausel is author of the international best selling book, the psychology of money. He talks about investing through bare markets and what he's working on for his next book. What has surprised you the most in terms of the reaction to your book? i think it's pretty telling too that people take offence to when others manage their money, spend their money, invest their money, different than they do,. because they view it as like a threat.
“No one's success is proven until they've survived a calamity.”
You can’t join the NBA with a few good shots, but you can join the ranks of “great” investors. Luck and skill are much harder to separate in the financial world and making that distinction can take a few decades. Chris Hill talked with best-selling author Morgan Housel in front of a live audience about: - Why inflation is so personal and variable - Elon Musk’s best product (hint: it’s not a car) - The power of incentives - The secret to 99% of Warren Buffet’s success - Investing through bear markets
Companies mentioned: BRK.A, BRK.B, HOOD, TSLA
If you're a member of any Motley Fool service you can access the video for the full interview here: https://www.fool.com/premium/coverage/4056/coverage/2022/08/31/wealth-greed-and-happiness-with-best-selling-autho Host: Chris Hill Guest: Morgan Housel Producer: Ricky Mulvey Engineer: Dan Boyd
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