Fees vs. Fines: The Cost of Admission in Investing
One of my favorite psychology studies showed that if you know a reward is coming, but you don't know exactly when, you are susceptible to losing your mind. Isn't it so similar in investing? Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
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12:21
Beautiful vs. Practical Advice
I heard a phrase recently: “Magazine architect.”It’s a derisive term architects use for their colleagues who design buildings that look beautiful, grace magazine covers, and win awards, but lack functionality for the tenants.The same is so true for financial professionals. If you are looking for practical advice, beware hiring an artist whose goal is to be praised should be, too.Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
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13:13
The Psychology of Why Prediction Can Be So Hard
A few ideas on why prediction is so hard, and the weird things than happen in our head when we want certain outcome to be true. Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
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16:03
The Art and Science of Investing
Technology is a science. It’s semiconductors and code and batteries.But Steve Jobs talked about how the iPad was playful and begged you to pick it up as much as he’d talk about its processor. The iPhone is a technological marvel, but Jobs spent a lot of time talking about how it felt in your hand, and the experience of opening the box.Job’s insight, and the most important factor in Apple’s success, was realizing that technology isn’t merely a science. It’s just as much an art.Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
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14:02
Counterintuitive Competitive Advantages
A few things you might consider disadvantages that actually, in hindsight, could end up as something you're grateful for. Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
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