This chapter discusses the importance of focusing on long-term relevant information in investing and the bias towards short-term news cycles. It also explores risk tolerance and the lack of experience in investing, as well as the connection between content consumption and investment decision-making.
What does it mean if history is just the same movie, playing over and over?
Morgan Housel is a longtime Fool contributor and the bestselling author of The Psychology of Money. Dylan Lewis caught up with Morgan to talk about his latest book, Same as Ever: A Guide to What Never Changes. They discuss:
- The not-so-helpful side effect of having fewer economic downturns
- Why true optimists believe that the future is messy
- Cautionary tales from companies that “got too wide”
- And what Warren Buffett understands about storytelling.
Tickers discussed: MSFT, GM, APPL, SSU, BRK.A, BRK.B
Claim your Stock Advisor discount here: www.fool.com/mfmdiscount
Premium Motley Fool US members can check out the latest “Mindset with Morgan Housel” episode here.
Host: Dylan Lewis Guest: Morgan Housel Producer: Mary Long Engineer: Rick Engdahl
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