Morgan Housel: “The Psychology of Money,” Wealth and What Actually Makes You Rich
About this episode
Morgan Housel joins Peter Mallouk to discuss the psychology of money and the behaviors that contribute to wealth.
What does it actually mean to be wealthy? Bestselling author Morgan Housel joins Peter Mallouk to explore why building wealth has less to do with intelligence and more to do with behavior, independence and understanding what money is really for. Morgan shares the thinking behind “The Psychology of Money,” why every U.S. publisher initially rejected the book, and the stories that shaped his approach to money and investing. He explains why financial success is often driven by behavior rather than knowledge, why getting rich and staying rich require different skills, and why some of the best financial decisions can’t be measured on a spreadsheet.
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