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Morgan Housel

๐Ÿ‘ค Speaker
3750 total appearances

Appearances Over Time

Podcast Appearances

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

It's much more comfortable.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

to surround yourself with people who agree with you than to accept the nuance of life.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

And this is the problem with a lot of political media is that

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

It creates much better content when people say, this is right, this is wrong.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

He's right, he's wrong, to make it very explicit, binary, black and white, than it is to accept the truth, which is like, it's complicated.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

I was like, who can you put?

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

At the end of the show, you'd be like, fine, I'm conservative.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

I have an optimistic view.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

And this is not a forecast because I don't have 100% faith in this.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

But there are so many endless examples in history when people discount how powerful cycles can be.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

And so my optimistic, my hope, it's not even a forecast, it's a hope, is that 15 or 20 years from now, we look back at this era

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

as when things bottomed politically from which we grew out of, we improved.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

And we're gonna look back and be like, man, the 2020s were so bad and we were so divided, but that was also a bottom that we came out of, like a generational bottom.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

And that sounds crazy today, but that's always been the case.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

If you and I were talking about the economy in the 1930s

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

It would have been preposterous, completely insane to say the 1950s are going to be the greatest, most unbound prosperity, middle-class prosperity we're ever going to have.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

That would have seemed insane.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

If this was the 1970s and we just had a raft of political assassinations in the 60s โ€“ John F. Kennedy, Martin Luther King, Robert F. Kennedy โ€“

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

And then Richard Nixon is impeached and resigned for Watergate.

The Diary Of A CEO with Steven Bartlett
Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

It would have been completely insane for you and I to say, hey, do you know what?