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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 that's another where I'm reading and I have to remind myself that he made all this up.

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

Wasn't there a thing that, I think many years ago, they made a version of the Harry Potter books that had adult covers on them?

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

Correct.

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

Because adult doesn't want to hold a book that has a cartoon cover on it.

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

So they made it just a... And I think you could do that with some of those rom-com books or like those... I was proudly reading The Housemaid by Freda McFadden.

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

I was brandishing it to be, I'm reading the film, you read it, it's really lovely.

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

I wonder what the twist is going to be.

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

I mean, so many of those are just, they're just amazing storytellers and they just, they keep you up.

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

So I'm sure if, if Freda McFadden wrote a John Grisham novel about, you know, or like, like a crime novel or a legal thriller, like it'd be amazing.

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

I think if you did that, I don't know if it would go both ways.

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

I think if you had...

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

jk rowling if you told her to write a non-fiction like hey jk rowling write uh write a thousand word article about what's going on in gaza whatever it might be uh it'd be amazing but i think if you asked michael lewis or malcolm gladwell to write a fiction it'd be much harder to make that work the street goes in one direction because the storytelling is more compelling than the other way around all of you guys you george mack who's you know knee deep in his current bucket the

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

Yeah, you're just trying to tell stories.

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

So much of that in finance is important because 99% of financial media is...

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

is A, a lecture, and B, incredibly boring if it's formulaic.

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

And that's the vast majority of personal finance books.

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

It's a lecture.

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

You're doing it wrong, you idiot.

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

And here's a really boring formula that looks like an algebra equation of how you can fix it.

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

And nobody wants to read that.