The purpose of money is to give you and your family a better, happier life. What's important about that is what's going to make me happy tom might be different from what makes you happy. It sounds trivial but i think it's so easy to forget and overlook that. That's what we're all trying to do here, is just use whatever resources we have and invest our money in a way that gives us a better life. And rather than try to make all the numbers add up, make the spread sheets, you know, add up perfectly, what makes youhappy. Just do that.
Most investors are not as smart as they thought they were a year ago. Fortunately, they're also not as dumb as they feel today. Morgan Housel, author of the international best-selling book “The Psychology of Money” joins Motley Fool co-founder Tom Gardner on to discuss investing behavior and why it is the most fundamental piece of your investing success. They also talk about how you can think about your cash position and how to mentally prepare for down markets.
For a free copy of our investing “Starter Kit,” visit http://fool.com/starterkit and we’ll email it to you.
Stocks: NFLX, SHOP
Host: Tom Gardner Guest: Morgan Housel Producer: Ricky Mulvey Engineers: Rick Engdahl, Dan Boyd
Learn more about your ad choices. Visit megaphone.fm/adchoices