Masters in Business

Thinking About a Career Change? You’ll Need Skill, Work – and Luck

23 snips
May 29, 2025
Morgan Housel, author of the best-selling "Psychology of Money," shares his transformative journey from finance to writing. He emphasizes the importance of adaptability and passion when making significant career shifts. Housel explains the evolution of his writing style to engage modern readers and discusses how serendipity often influences success. He also addresses the irrationality of letting college choices dictate one’s career path, advocating for proactive changes when dissatisfaction arises. A blend of skill, hard work, and a sprinkle of luck is key!
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ANECDOTE

Career Shift to Writing

  • Morgan Housel shifted from aspiring investment banker to writer by chance during the 2008 economic crisis.
  • He initially disliked writing but grew to love it over a year while blogging for the Motley Fool.
ADVICE

Use Feedback to Improve

  • Persisting at writing during a bad job market forced Morgan to improve his skills.
  • Feedback from readers online was harsh but helped him learn quickly.
INSIGHT

Reading is Writing's Foundation

  • Being a good writer mostly requires being a good reader.
  • Writing emerges from reading widely and thinking, not from forcing sentences out at the keyboard.
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