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Growth Mindset Psychology: The Science of Self-Improvement
Eternal Laws of Human Nature: Timeless Investing Principles from “Same As Ever" - Morgan Housel
Jul 26, 2024
56:03
Snipd AI
In this insightful discussion, finance expert Morgan Housel and economics enthusiast Nicolas Vereecke explore the timeless lessons from Housel's 'Same As Ever'. They delve into how unseen risks can impact financial decisions and the necessity of balancing ambition with contentment. The impact of social circles on success is highlighted, alongside the distinction between permanent and transient information. Listeners will walk away with strategies for wiser investing and a deeper understanding of human behavior in economics.
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Quick takeaways
- Successful investing depends on understanding enduring human preferences rather than chasing fleeting market trends or temporary gains.
- Recognizing and addressing both visible and hidden risks is crucial for effective decision-making, especially highlighted during crises like COVID-19.
Deep dives
Understanding Human Nature in Investing
Investing successfully often depends on recognizing the consistent aspects of human nature rather than attempting to predict temporary market trends. Warren Buffett exemplifies this principle when he highlights how the best-selling candy bar in 1962 remains the same today, indicating that certain human preferences endure over time. This perspective encourages investors to focus on value-based companies that will thrive irrespective of changing trends. By understanding what fundamentally appeals to people, investors can make more informed and resilient choices.
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Listen to the best highlights from the podcasts you love and dive into the full episode