Podcast Episode Details

Morgan Housel on The Illusion of Wealth and Happiness | #599

---

Episode 600

---

Today’s guest is Morgan Housel, the bestselling author of The Psychology of Money and Same As Ever. His books have sold over nine million copies. His new book releasing in October is The Art of Spending Money. Morgan is a partner at The Collaborative Fund and serves on the board of directors at Markel.

In today’s episode, Morgan discusses the complexities of wealth, spending, and happiness. He shares insights on the psychological implications of financial identity and the importance of independence and purpose in achieving true happiness. One theme throughout is that investing is more about human behavior than financial principles.

(0:00) Starts

(1:31) Introduction of guest Morgan Housel

(2:01) Virality, luck and success

(3:38) The psychological impact of wealth

(7:15) The burden of material possessions and spending for happiness

(11:17) Personal history's influence on spending and investment behavior

(16:01) Cultural attitudes toward investing

(22:07) The role of identity in financial behavior

(27:45) Avoiding peer comparisons

(37:30) Finding happiness and purpose after financial independence

(50:13) Morgan's most memorable investment

Sponsor: ⁠AcreTrader⁠ is an investment platform that makes it simple to own shares of farmland and earn passive income, and you can start investing in just minutes online.

-----

Follow Meb on X, LinkedIn and YouTube

For detailed show notes, click here

To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com

-----

Follow The Idea Farm: X | LinkedIn | Instagram | TikTok

-----

Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com

-----

Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Published on 1 month ago