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Morgan Housel - The Psychology of Money

Financial Independence Podcast

CHAPTER

Investing in the Great Depression

There are lessons that we can take away from history and biology and politics and military history, all these other field sociology. But since they all fall under this umbrella of how do people behave? And so what i try to do in this book is use a lot of tories that have nothing to do with investing but just open up a window into how people make decisions. So i'm always fascinated with the great depression. In world war two, the great depression obviously has direct investing take aways. Just think abot something like innovation. When world wartoo started on horseback and finished with nuclear vision just six years later. You can learn a lot about human progress and ingenuity and innovation through

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