Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Morgan Housel: How Smart Entrepreneurs and Investors Grow Wealth on Autopilot | Finance | E336
10 Feb 2025
Chapter 1: Why do most financial resolutions fail?
How can we actually plan out what we want to spend our money on this year?
Chapter 2: How can we balance saving and spending habits?
If you can earn average returns for an above average period of time, you will be among the top investors in the world. Most people are overconfident in what they can do. You have to have this split personality of I'm so good at what I do and I'm a complete idiot who has no idea what I'm doing. Bullshit is easier to create than it is to refute. So meme coins are an example of this.
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Chapter 3: What is the power of long-term investing?
Someone creates a meme coin and you're like, that's obviously bullshit. And it becomes Dogecoin.
Chapter 4: How can entrepreneurs navigate startup risks wisely?
So how can we use this information when we're making investors and financial decisions?
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Chapter 5: What sets genius entrepreneurs apart?
I think
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Chapter 6: Why is doubt necessary for entrepreneurs?
Yeah, bam. My guest today is back for his second visit to the show. You may know him as the author of books like The Psychology of Money and Same As Ever, or as the host of the Morgan Housel podcast. I'm, of course, talking about Morgan Housel. Morgan is also a partner at the Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal.
Chapter 7: How can hindsight misguide investors?
I spoke to Morgan about a year ago in episode 266, and we talked about all kinds of juicy things from why finance is actually more like psychology to physics and what Bill Gates can teach you about optimism. We'll be running that episode again as a Yap Classic in the near future, and I encourage you to check it out.
As always, you can find all of our incredible deals in the show notes or at youngandprofiting.com slash deals.
New Year's resolutions don't tend to hold up because if you need to do something new on January 1st that you were unwilling to do on December 31st, you're almost certainly not going to stick with it. Most people have too much of their money in stocks and they should have less. And the reason why is
Chapter 8: What insights can we gain about wealth inequality in the social media era?
Today, we are going to pick Morgan's brain on a number of interesting topics related to psychology, money, investing, and how you can avoid some of the biggest mental blunders when it comes to your financial decisions. Morgan, welcome back to Young and Profiting Podcast. How can we actually plan out what we want to spend our money on this year?
If you can earn average returns for an above average period of time, you will be among the top investors in the world. Most people are overconfident in what they can do. You have to have this split personality of, I'm so good at what I do, and I'm a complete idiot who has no idea what I'm doing. Bullshit is easier to create than it is to refute. So meme coins are an example of this.
Thanks so much for having me. Happy to be back.
Yeah, I'm happy to have you here. So you were on the show about a year ago, and we had such an interesting discussion. We talked about all kinds of things, your background, the secrets to building wealth and staying rich, and some topics you discuss in your books. And since then, you've been busy writing, recording podcasts, creating content.
So I thought today we could kick off the new year with a grab bag of things that you're thinking about now related to money, investing, and psychology.
Someone creates a meme coin and you're like, that's obviously bullshit. And it becomes Dogecoin.
So how can we use this information when we're making investors and financial decisions? I think... Yeah, bam. My guest today is back for his second visit to the show. You may know him as the author of books like The Psychology of Money and Same As Ever, or as the host of the Morgan Housel podcast. I'm, of course, talking about Morgan Housel.
Let's do it. I'm ready.
Okay, cool. So speaking of the new year, what do you think the top things are that we should do to kick off the new year right when it comes to our finances? Is there any sort of exercise that we should be doing in the beginning of the year to evaluate our strategy?
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