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#374: Morgan Housel on the Psychology of Money

The Pomp Podcast

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Why Do You Hate Profits?

Patrick O'Shaughnessy asks, why do you hate profits? Well, he mentions that because as a seed. stage startup firm, the companies that we invest in are buying large, not profitable. Brent Shore: Even though I think it's the worst financial thing we've ever done with the money, it's the best money decision that we've ever made. Patrick and his wife don't have a mortgage on their house, which is the worst thing. It's the one thing that they've done with their money that has given them the most amount of joy or happiness.

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