Capital Allocators – Inside the Institutional Investment Industry [REPLAY] Morgan Housel – The Psychology of Money (Capital Allocators, EP.155)
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Jan 1, 2024 
Morgan Housel, a partner at Collaborative Fund and author of "The Psychology of Money," dives into the intricate relationship between psychology and investing. He shares his unconventional journey from competitive ski racing to writing, reflecting on the valuable lessons learned. Topics include the unpredictable nature of finance, the importance of patience, and the necessity of recognizing luck in success. Housel also opens up about his lifelong battle with stuttering and how it shaped his resilience and ambition.
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Ski Racing over School
- Morgan Housel prioritized ski racing over traditional high school, opting for an independent study program.
- He valued real-world experiences and autonomy gained through travel and skiing.
Investment Banking Disillusionment
- Morgan Housel's dream was to be an investment banker, but a college internship quickly changed his mind.
- He found the hazing and rigid structure unappealing, preferring freedom and flexibility.
Path to Writing
- The 2008 financial crisis and a chance encounter led Morgan Housel to a writing career at The Motley Fool.
- He discovered his passion for writing, particularly about the psychological and historical aspects of investing.
