This chapter discusses the psychological impact of experiencing market downturns and the importance of understanding the historical patterns of the stock market. The speaker shares personal anecdotes of panicking during market dips and emphasizes the need to endure and learn from those early investment panics. They also highlight the frequency of market declines throughout history and the tendency for headlines to overstate the severity of these downturns.
Everybody wants to get rich. But is the pursuit of wealth really about the money, or are we actually chasing something much deeper?
These are just a couple of the fun ideas I toss around in this episode with Morgan Housel, New York Times Bestselling author of the smash hit, The Psychology of Money, which has sold more than four million copies worldwide.
We’ll dig deep to uncover our relationship with money, answer the timeless question “Will getting rich make me happy?” and share some of Morgan’s best investing tips.
So put away your spreadsheets, step away from the credit card, and for god’s sake stop trading crypto for five seconds, and settle in for this one. We might just make you filthy fucking rich.