Capital Allocators – Inside the Institutional Investment Industry [REPLAY] Morgan Housel – The Psychology of Money (Capital Allocators, EP.155)
Dec 28, 2020
Morgan Housel is a partner at Collaborative Fund and a celebrated writer on investing, known for his book, The Psychology of Money. He discusses his unconventional journey into finance writing and how storytelling makes complex financial concepts relatable. Key themes include the impact of luck, emotional investing, and the importance of patience. Housel shares personal anecdotes, including his battle with stuttering and how it shaped his communication style, emphasizing the significance of embracing one’s challenges to foster personal growth.
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Ski Racing over School
- Morgan Housel prioritized ski racing over traditional high school, opting for an independent study program.
- This unconventional path fostered autonomy and real-world experience, proving more valuable than formal education.
Investment Banking Disillusionment
- Morgan's initial career goal was investment banking, but a brief internship quickly disillusioned him.
- He found the work miserable and antithetical to his personality, derailing his career plans.
Finding Passion in Writing
- Amidst the 2008 financial crisis, Morgan unexpectedly found his passion in writing about investing for The Motley Fool.
- Despite initial hesitation, he discovered a love for clarifying his thoughts and exploring financial topics.
