#702: Morgan Housel — Contrarian Money and Writing Advice, Three Simple Goals to Guide Your Life, Journaling Prompts, Choosing the Right Game to Play, Must-Read Books, and More

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Morgan Housel (@morganhousel) is a partner at
The Collaborative Fund. His book The Psychology of Money has sold
more than three million copies and has been translated into 53
languages. 


He is a two-time winner of the Best in Business Award from the
Society of American Business Editors and Writers and winner of
the New York Times Sidney Award. In 2022, MarketWatch named him
one of the 50 most influential people in markets. He serves on
the board of directors at Markel. 


Morgan’s new book is Same As Ever: A Guide to What Never
Changes. You can find my first, widely popular interview
with Morgan at tim.blog/morganhousel.


Please enjoy!


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[07:20] Buffett’s Snickers.


[12:21] What prompted Morgan to write Same As Ever?


[17:44] Morgan’s worst advice for aspiring writers is what works
for him.


[21:48] The upsides of being rich and anonymous.


[26:35] Tips for raising unspoiled kids.


[33:19] Should families avoid passing along dynastic wealth?


[35:45] Finding worthy charities and causes.


[41:02] Money and happiness.


[48:37] Avalanches and other random, life-changing flukes.


[54:32] We can prepare for the future, but we can’t predict it.


[1:00:58] What current unknowns will seem shockingly obvious in a
year?


[1:03:22] Which of our current views would change if our
incentives were different?


[1:06:23] The most valuable personal finance asset.


[1:08:54] Optimizing the chance of marrying the right person.


[1:11:38] Mending divergence in a marriage or relationship.


[1:14:49] Trying to eliminate a hassle that’s an unavoidable cost
of success.


[1:33:16] Guessing at the future of text vs. audio/video.


[1:37:41] Books vs. podcasts.


[1:46:56] Recommended reading.


[2:06:00] Has writing Same As Ever changed how Morgan operates in
the world?


[2:07:39] Who is the intended audience for Same As Ever?


[2:09:47] Parting thoughts.


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