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#374: Morgan Housel on the Psychology of Money

The Pomp Podcast

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SAT for Finance

"I tend to think that like you have to have some kind of protections because there are malicious and nefarious people who will kind of prey on the wrong population," he says. "It definitely feels like education is a better proxy for sophistication than, you know, how rich are you." He adds: "How insulting is that we judge sophistication and intelligence by income?"

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