Morgan Housel

And same for investing.

And so what's interesting to me, maybe it's not surprising, but it was interesting, is that at the end of my first book, The Psychology of Money, there's a chapter about the psychology of my money.

I just kind of laid out everything that I believe.

There's no numbers in it, but it's like,

here's how I save, here's how I invest, here's how I spend, here's my personal philosophies.

And in that, I said, look, I dollar cost average index funds.

I had a 3% mortgage that I paid off early, which is a terrible financial decision, but I love doing it because it made me feel good.

And so I laid it out and there were so many people who, I can't tell you how many emails I got of people saying, I love the book until I got to that chapter and now I can't take you seriously anymore.

And I think it's interesting to me that even after laying out in the book being like, look, there's no formula.

You just have to figure it out for yourself.

People looked at the decisions that I made and said, well, they basically said to themselves, I would have done it differently.

So therefore you must be wrong.

And I think that's the disconnect that people have.

It's such an important part of society.

And there's so much uncertainty to it that I think a lot of times when people are...

having a fight about money, they're debating about money.

It's two investors who have differing views.

Nine times out of 10, the people are not actually debating.

They just have different preferences and they're talking over each other.

And what they're saying is like, and if I believe X and you believe Y, a lot of times it's like, I view your opinion as a threat to me.