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Morgan Housel

πŸ‘€ Speaker
6219 total appearances

Appearances Over Time

Podcast Appearances

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And I loved it to begin with.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

I was fascinated with money.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And then I haphazardly got a job as a writer because I graduated in 2008.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

The economy was a wreck and nobody was hiring.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

No banks were hiring.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And so the only finance job that I could find was as a writer for The Motley Fool.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Didn't want to be a writer, hated writing, was embarrassed that I had dreams to be a powerful investment banker.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Now I was a journalist.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

I was like, I hated that.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

But I actually like pretty quickly fell in love with it.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And what I loved about it was I loved being an outsider who was not being influenced by the incentives of that career.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And so if you are a hedge fund manager, you have a lot of incentives and biases based around that.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

If you are a financial advisor, there's a lot of just you have to think a certain way to fit into that profession.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And I felt like as a writer, and I'm not a journalist, as a writer, I could just be on the outside looking in.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

I felt like I was just up in the bleachers looking down and be like, let me try to figure out what's going on down there.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Yes.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And then tell a story behind it.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And to me, money, I think I got lucky because money, I think, has more fascinating social stories in it than almost any other field where how you spend money and how you save money and your ambitions are such a window into who you are.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And of course, there's a lot of other things in life that are more important than money, family and purpose and whatnot.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

But money is a very clear window into who you are.