The Startup Ideas Podcast How To Invest Like An Optimist With Morgan Housel
Apr 28, 2022
Morgan Housel, author of "Psychology of Money" and partner at The Collaborative Fund, shares his inspiring journey from a limited education to a finance thought leader. He highlights the importance of humility, independence, and aware preparedness in achieving success. The discussion delves into the unpredictability of life and investments, contrasting timeless ideas with fleeting trends. Housel also offers insights on balancing investment strategies and navigating the complexities of online communication, emphasizing empathy in today's social media landscape.
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Unlikely Path
- Morgan Housel's path to success was unexpected, given his lack of a traditional high school education.
- He attributes his current position to a combination of luck and hard work, acknowledging imposter syndrome.
Ski Bum to Success
- Housel's teenage years were spent as a ski bum, prioritizing skiing over traditional education.
- The death of his friends and a broken back prompted him to re-evaluate his life's direction.
Connecting the Dots
- Connecting the dots in life is difficult prospectively, but retrospectively, it reveals how absurd life's chain of events can be.
- This realization emphasizes the difficulty of predicting the future.
