Morgan Housel

speaker

6,219 appearances 9 recordings 8 series first heard Feb 2021 last heard 26 Apr

Morgan Housel’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 8 in all, peaking in Jan 2026 with 4.

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Modern Wisdom · Mastering the Art of Spending Money - Morgan Housel - #1055 · 5 Feb 2026 podcast

And sometimes too, you're not even showing off for other people.

You're doing it to prove to yourself, to signal to yourself that I did it.

I remember talking to Anthony Scaramucci about this.

And he said that he grew up in one social class where the ultimate signal that you made it to yourself, that you overcame where you became, was the Lamborghini.

That was it.

And so he said, he was like, I don't want it for other people.

I want to do it to show myself that that kid who grew up down there made it up here.

So it's a signaling of a story either way.

And that's why it's not judging.

But it's an interesting window into who you are.

And the saying that a lot of people know, hurt people hurt people.

There's a lot of cousins of that, of just like the way that we behave and act is a reflection of insecurities, things that were done to us that we had in life or even positive experiences that we've had in life.

I think a lot of people who grew up very wealthy, they have a very interesting financial psychology as well.

They understand, I think, very acutely what money cannot do for you.

So a lot of them, if you talk to them, would be like, yeah, we grew up very rich and we had all these homes and all these cars, but

you know, pick whatever story you want.

My parents didn't get along.

My parents got divorced.

My dad didn't have any relationship with me.

I was bullied at school.

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