David Frum: How do you organize all these stories that you come across in your life and are there any specific tools that you use for this? He says he almost never reads finance material, books or blogs but does read a lot of them. But it usually has nothing to do with investing because he wants to be able to connect the dots which point back to investing. "Diverse broad learning is better than just really tight, narrow learning," Dr. Frum says.
Morgan Housel is a partner at Collaborative Fund and author of The Psychology of Money. In this episode, Morgan shares his idea of writing, key lessons he learned from his parents and the ones he wishes to pass on to his kids, the most important thing money can buy, and practicing simplicity in a complex world.