The Morgan Housel Podcast
Episodes
A Few Things I'm Pretty Sure About
16 Jan 2026
Contributed by Lukas
We're back! A list a few big things I've been thinking about lately.
Out Now: The Art of Spending Money (First Full Chapter Here)
07 Oct 2025
Contributed by Lukas
This is a full-chapter preview of my new book, The Art of Spending Money, out today. Click here to buy the book.
Two Big Stories That Help Explain Today's World
01 Oct 2025
Contributed by Lukas
We became aware of each other at the same time we grew apart financially, and the psychology of when news went from local to national to global.
Playing Your Own Game
12 Sep 2025
Contributed by Lukas
From the archives: one of my favorite topics -- the importance of playing your own game. Thanks to my friends at Public.comAll investing involves the ...
Big Ideas From The Art of Spending Money
29 Aug 2025
Contributed by Lukas
Pre-order my new book The Art of Spending Money here. ***Thanks to my friends at Public.comAll investing involves the risk of loss, including loss of ...
Investing: The Greatest Show on Earth
15 Aug 2025
Contributed by Lukas
Thanks to my friends at Public.comAll investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered s...
What AI Might Do To The Future of Work
07 Aug 2025
Contributed by Lukas
Thanks to my friends at Public.com and their podcast The Rundown -- click here for more.
Very Bad Advice (And a Word on My New Book)
29 Jul 2025
Contributed by Lukas
Thanks to my friends at Public.com and their podcast The Rundown -- click here for more.
How I Think About Debt
02 Jun 2025
Contributed by Lukas
Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
A Few Important Questions For You (And Some Thoughts About Buffett)
16 May 2025
Contributed by Lukas
Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Let Me Convince You To Save Money
06 May 2025
Contributed by Lukas
Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
How We Used to Live (Levittown, Progress, and Expectations)
24 Apr 2025
Contributed by Lukas
Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
Tariffs, Trust, Risk, and Regret
16 Apr 2025
Contributed by Lukas
Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.
My Thoughts on Tariffs, Economic History, and the Market Decline
08 Apr 2025
Contributed by Lukas
Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.
Reasonable vs. Rational
02 Apr 2025
Contributed by Lukas
The most impactful idea to me personally in my book: My theory is that most investment models maximize for risk-adjusted returns, but in the real worl...
Fees vs. Fines: The Cost of Admission in Investing
28 Mar 2025
Contributed by Lukas
One of my favorite psychology studies showed that if you know a reward is coming, but you don't know exactly when, you are susceptible to losing ...
Beautiful vs. Practical Advice
20 Mar 2025
Contributed by Lukas
I heard a phrase recently: “Magazine architect.”It’s a derisive term architects use for their colleagues who design buildings that look beautifu...
The Psychology of Why Prediction Can Be So Hard
14 Mar 2025
Contributed by Lukas
A few ideas on why prediction is so hard, and the weird things than happen in our head when we want certain outcome to be true. Thanks to my friends ...
The Art and Science of Investing
12 Mar 2025
Contributed by Lukas
Technology is a science. It’s semiconductors and code and batteries.But Steve Jobs talked about how the iPad was playful and begged you to pick it u...
Counterintuitive Competitive Advantages
04 Mar 2025
Contributed by Lukas
A few things you might consider disadvantages that actually, in hindsight, could end up as something you're grateful for. Thanks to my friends a...
Pure Independence
28 Feb 2025
Contributed by Lukas
A simple formula for a pretty nice life is independence plus purpose.Purpose is different for everyone. Sometimes it’s family, sometimes it’s comm...
A Few Things I'm Pretty Sure About
21 Feb 2025
Contributed by Lukas
A collection of things I've been thinking about lately that I hope you find valuable regardless of your profession. Thanks to my friends at Eigh...
Tails, You Win
07 Feb 2025
Contributed by Lukas
A story about how tails drive everything, and why the vast majority of your success in investing and in life will come from just a few of the things y...
All The Different Ways Your Life Could Have Turned Out
29 Jan 2025
Contributed by Lukas
Everyone knows one version of the world -- the one that's actually happened. But that's just one of infinitive possibilities that could have...
Minimum Levels of Stress
24 Jan 2025
Contributed by Lukas
Most people – and definitely society as a whole – seem to have a minimum level of stress. They will never be fully at ease because after solving e...
What I Learned In 2024: A Tale of Tails
23 Dec 2024
Contributed by Lukas
A look at the big story dominating this year: tails drive everything, and everything from businesses to careers either work extraordinarily well, or n...
The Most Important Financial Skill: Getting The Goalpost to Stop Moving
18 Dec 2024
Contributed by Lukas
A look at why so many Americans think the best was better than it was: People in the past may have been poorer than we are now, but they probably did ...
Experts From a World That No Longer Exists
06 Dec 2024
Contributed by Lukas
The world evolves faster than people's beliefs do. This episode looks at the need to change your mind, and why it's so difficult to do so. ...
Universal Laws of the World
27 Nov 2024
Contributed by Lukas
A few laws from random sciences that almost certainly apply to your own -- regardless of what you do for a living. Thanks to my friends at Nitrogen -...
Why Pessimism Sounds So Smart
15 Nov 2024
Contributed by Lukas
If you're a student of history, you know that most things have gotten better for most people over time. But read the news and what do you hear? P...
Rare and Powerful Skills
04 Nov 2024
Contributed by Lukas
A few easy-to-overlook skills that are so vital in today's world. Brought to you my friends at Readwise -- visit Readwise.io/morgan.
My Favorite Book: An Astounding Look at How Fast the World Can Change
22 Oct 2024
Contributed by Lukas
This episode digs into one of my favorite books of all time: The Big Change by Frederick Lewis Allen. Written in 1952, it's a remarkable look at ...
This Was Never Easy: A Brief History of Nostalgia
10 Oct 2024
Contributed by Lukas
There's a Russian saying that I love: "The past is more unpredictable than the future." It explains so much about nostalgia, and the tw...
Everything In Life Is Cyclical
04 Oct 2024
Contributed by Lukas
A lot of mistakes in life come when you think risk is something caused by external forces, when in fact the weight of your own success is enough to pu...
Do It Your Own Way
27 Sep 2024
Contributed by Lukas
The ultimate success metric is whether you get what you want out of life. But that’s harder than it sounds because it’s easy to try to copy someon...
A Few Little Ideas And Short Stories
12 Sep 2024
Contributed by Lukas
Some of the most interesting stuff I've come across lately.
Cumulative vs. Cyclical Knowledge
29 Aug 2024
Contributed by Lukas
In some fields our knowledge is seamlessly passed down across generations. In others, it’s fleeting. To paraphrase investor Jim Grant: Knowledge in ...
Different Kinds of BS
25 Jul 2024
Contributed by Lukas
Jeff Bezos once said there are different kinds of smart. Distinguishing the various flavors is important because if you think smarts comes in just one...
I Have A Few Questions
01 Jul 2024
Contributed by Lukas
A few important money and life topics to make you ponder.
Quiet Compounding
17 Jun 2024
Contributed by Lukas
"Nature is not in a hurry, yet everything is accomplished,” said Chinese philosopher Lao Tzu.Giant sequoias, advanced organisms, towering mount...
History's Seductive Beliefs
11 Jun 2024
Contributed by Lukas
My deepest forecasting belief is that you can better understand the future if you focus on the behaviors that never change instead of the events that ...
Lazy Work, Good Work
24 May 2024
Contributed by Lukas
The most productive work you can do often looks like the laziest -- but it can be hard to accept that because of how the workplace has changed over th...
The Long Run Is Just A Collection of Short Runs
13 May 2024
Contributed by Lukas
Every great idea can be taken too far. Take the notion that investors should ignore the short run.It's important to recognize that the long run ...
The Best Financial Advice I Know (What I Want My Kids To Learn)
06 May 2024
Contributed by Lukas
I wrote letters to both of my kids the day before they were born. Here's what I wanted them to know about money. And even if you don't hav...
Realistic Personal Finance Hacks
25 Apr 2024
Contributed by Lukas
Hacks are hard because shortcuts rarely exist. Prizes take time and effort.The personal finance industry – filled with advice that sounds and feels ...
Lucky vs. Repeatable
11 Apr 2024
Contributed by Lukas
Luck plays such a big role in the world. But few people want to talk about it. If I say you got lucky, I look jealous. If I tell myself that I got luc...
No One Is Crazy
05 Apr 2024
Contributed by Lukas
The fun part of behavioral finance is learning about how flawed other people can be. The hard part is trying to figure out how flawed you are, and wha...
Smart Things Smart People Have Said
28 Mar 2024
Contributed by Lukas
A few of the best and most insightful things I've read lately.
Accountable to Darwin vs. Accountable to Newton
18 Mar 2024
Contributed by Lukas
Woodrow Wilson was the only president with a Ph.D. in political science.He came to office having thought more about how a government functions than mo...
The Dumber Side of Smart People
08 Mar 2024
Contributed by Lukas
Mae West said, “Too much of a good thing can be wonderful.” That might be true for some things – health, happiness, golden retrievers, maybe.But...
How to Engage With History
28 Feb 2024
Contributed by Lukas
This episode discusses my take on what you should pay attention to when reading history. There’s a quote I love from writer Kelly Hayes who says, “...
Compounding Optimism
14 Feb 2024
Contributed by Lukas
Let me share a little theory I have about optimism, and why progress is so easy to underestimate.I’ll explain it in four parts.
A Few Thoughts on Spending Money
01 Feb 2024
Contributed by Lukas
Behavioral finance is now well documented. But most of the attention goes to how people invest. But the study of how you spend money might be far more...
Information That Would Get Your Attention
17 Jan 2024
Contributed by Lukas
There’s obviously a hierarchy of information. It ranges from life-changing good to life-changing disastrous.That got me thinking: What would be the ...
Active vs. Passive Learning
05 Jan 2024
Contributed by Lukas
There are two big ways to learn: Active learning: Someone tells you what to learn, how to learn it, on a set schedule, on pre-selected standardized t...
Respect Each Others’ Delusions
22 Dec 2023
Contributed by Lukas
One sentence that knocked me off my feet when I read Will and Ariel Durant’s The Lessons of History was: "Learn enough from history to bear rea...
The 10 Most Important Financial Skills
12 Dec 2023
Contributed by Lukas
My wife recently bought me an old book. It's called The Mathematical Theory of Investment. It was written in 1913 and it's as dry and boring...
Expiring vs. Permanent Skills
17 Nov 2023
Contributed by Lukas
Expiring skills tend to get more attention. They’re more likely to be the cool new thing, and a key driver of an industry’s short-term performance...
My New Book, Same As Ever: A Guide to What Never Changes
07 Nov 2023
Contributed by Lukas
My new book, Same as Ever: A Guide to What Never Changes, is out today. Books are hard, a multi-year slog from start to finish. But I’m excited for...
Justifying Optimism
30 Oct 2023
Contributed by Lukas
All optimistic beliefs can be dangerous because they’re so comforting, so easy to accept without asking further questions. Hope often masquerades as...
Little Flaws
21 Oct 2023
Contributed by Lukas
Daniel Kahneman says, "The long-term success of a relationship depends far more on avoiding the negative than on seeking the positive."It&ap...
A Few Laws of Getting Rich
12 Oct 2023
Contributed by Lukas
Measuring wealth is easy. You just count it up. Measuring some of the downsides of wealth is so much harder and more nuanced. They can be so nuanced a...
Death, Taxes, and a Few Other Things
06 Oct 2023
Contributed by Lukas
My new book, Same As Ever, comes out in a month. It's about things that never change -- what's always happened in the world, and will keep ...
Respect and Admiration
27 Sep 2023
Contributed by Lukas
Just after my son was born I wrote a few things I thought he’d find helpful as an adult. One of them was:"You might think you want an expensive...
Trying Too Hard
18 Sep 2023
Contributed by Lukas
A truth that applies to almost every field is that it’s possible to try too hard, and when doing so you can get worse results than those who knew le...
Intelligence vs. Smarts
22 Aug 2023
Contributed by Lukas
This episode is about the difference between intelligence and smarts, and why one is valued more than the other despite being less useful in the world...
Fluke -- A Story About How Fragile The World Can Be
10 Aug 2023
Contributed by Lukas
This is a short personal story about a fluke event 16 years ago that changed everything in my life. You probably have a similar story, and there is so...
A Few Ideas That Changed My Life
04 Aug 2023
Contributed by Lukas
You spend years trying to learn tons of new stuff, but then look back and realize that just a few big ideas truly changed how you think and influenced...
The Spectrum of Wealth
29 Jun 2023
Contributed by Lukas
Chris Rock joked that Bill Gates would jump out the window if he woke up with Oprah’s money. Like most comedy, it’s funny because it contains a nu...
Low Expectations
14 Jun 2023
Contributed by Lukas
The knee-jerk way to set expectations is to anchor to what everyone else has right now. But imagine the tragedy of there being unbelievable progress t...
A Few Short Stories
05 Jun 2023
Contributed by Lukas
Sometimes the best you can do when learning about any topic is to memorize a few short stories -- quick, direct, and to the point, that you're li...
The Power of Staying Put
23 May 2023
Contributed by Lukas
There are so many times in life where what you do is less important than how long you've been doing it for. It's true in careers. It'...
A Few Things I'm Pretty Sure About
08 May 2023
Contributed by Lukas
If you can explain something important in just a few words, it's a double win: You've probably found something that's obviously true, w...
Little Ways The World Works
26 Apr 2023
Contributed by Lukas
This episode has little to do with money. But in some ways it has everything to do with money. That's the riddle I want to unpack. I want to sh...
Your Money and Your Family
20 Apr 2023
Contributed by Lukas
One of the most complicated topics in money: How it impacts your family. Your spouse. Your kids. How do you avoid spoiling kids? How do you and your...
The Highest Form of Wealth
13 Apr 2023
Contributed by Lukas
The highest form of wealth is the ability to wake up every morning and say, “I can do whatever I want today.”People want to become wealthier to ma...
Getting Rich vs. Staying Rich
23 Mar 2023
Contributed by Lukas
Getting rich and staying rich are two different skills. They are often conflicting skills, so many people focus on one or the other. But you need bot...
Rules of the Money Game
15 Mar 2023
Contributed by Lukas
There are only a handful of financial rules, ideas, and observations that really move the needle -- and explain the majority of what you need to know ...
The Art of Spending Money
02 Mar 2023
Contributed by Lukas
The first episode -- who knows where this will go?There is a science to spending money – how to find a bargain, how to make a budget, things like th...