People who are very educated and have a lot of financial experience tend to completely ignore the simple stuff that works because it's too simple for them to think about. You get things in GameStop and AMC that baffle smart money billionaire hedge fund managers because they're dealing with teenagers. The aggregate influence of uninfluential people is another thing that tends to go unnoticed in the world.
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.