Morgan Housel
Partner, The Collaborative Fund. On 6 shows, 11 appearances. The Shows tab opens the full record on each.
authorinvestorjournalist@morganhousel ↗morganhousel.com ↗
Morgan Housel is a partner at Collaborative Fund and the author of The Psychology of Money and Same as Ever. A former columnist for The Motley Fool and The Wall Street Journal, he specializes in behavioral finance and human behavior in financial decision-making.
6shows
11appearances
338statements
43resolved
23supported
7contradicted
53%fully supported
41said about them ↓ Everything Morgan Housel said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Housel: Writer's block means your underlying idea sucks and is wrong
“Good writing is very easy because if your idea is right, it's easy to articulate it. And if you get writer's block, the reason you have writer's block is because your idea sucks and it's wrong. And that, and that's why you're struggling to articulate it. So I …”
Housel: Emotionally disciplined amateurs frequently beat educated financial experts
“You will never meet someone who is just an uneducated country bumpkin who can do open heart surgery better than a Harvard cardiologist. That will never happen. It's impossible. But not only does it happen with money, it happens pretty often. Where ordinary peo…”
Housel: Elon Musk will either become a trillionaire or go bankrupt
“That's why I think, like, Elon Musk will either be a trillionaire or bankrupt. And at this point, it's much closer to trillionaire at this point. But if you looked at him 10 years ago, when he was not the richest man in the world, you could see that. Like, thi…”
Housel: Beyond a certain net worth, wealth becomes a social liability
“For a lot of people, there is a net worth at which not only do you stop getting happier, but your life gets more complicated, and you start dealing with like big existential questions of who am I and what do I do with this, and it becomes a social liability. T…”
Housel: Affordable Housing Is the Single Biggest Social Problem in America
“So housing, affordable housing, I think is the single biggest social problem, certainly in America, probably in Canada right now. Because so many other social problems that might seem bigger than that are downstream of housing. A lot of the drug problem, the d…”
Housel: Restrictive Zoning and Underbuilding Entirely Cause the Housing Affordability Crisis
“That virtually all of the reason that housing is so unaffordable is because we don't build enough, and the reason we don't build enough is zoning.”
Housel: Primary Home Equity Gains Are Phantom Wealth Unless You Relocate
“The equity that you build isn't really wealth because you, when you sell that house, you probably have to buy another one that went up in value just as much. And unless you are moving to a cheaper city, which of course that happens, You're not getting any bene…”
Morgan Housel Keeps 20% to 30% of His Net Worth in Cash
“It's probably 20 to 30%. Maybe it's high teens in that in that zone. And it's been like that over the course of big changes in my net worth. I've always added about like that.”
Housel: High IQ and exhaustive due diligence increase risk of self-delusion
“The harder you work at something, the more opportunities you have to fool yourself. So if you're very smart and you have a one 40 IQ and you went to Harvard and you work at Goldman Sachs and you spend six months doing due diligence on this deal, you are going …”
Housel: You cannot cut 20% of effort because waste is unpredictable
“When people talk about, oh, I could have been just as successful if I worked 20% less. Yeah, but you don't know which 20% of your work was wasted or not.”
Housel: Resisting FOMO is the most critical financial skill for wealth
“Not having FOMO is the single most important financial skill. I think it's so important that you cannot ever imagine accumulating significant wealth over your lifetime if you are susceptible to FOMO.”
Housel: For most people, harder investing effort yields worse returns
“Investing is one of the very few endeavors in life where the harder you try, the worse you're probably going to do. And yes, there are exceptions to that. Renaissance technologies. Of course, you can name the exceptions for people who tried very hard and did v…”
Housel: Extreme success often stems from channeled anxiety rather than passion
“A lot of people who are very successful are just walking anxiety disorders harnessed for productivity.”
Housel: George Carlin understood psychology better than Daniel Kahneman
“George Carlin understood psychology. I think better than Daniel Kahneman did. That's a bold statement, but I think that is actually true.”
Housel: Extreme founder success is normally paired with undesirable personal traits
“So many, maybe there are exceptions to this, but I think it is the norm that the ridiculously successful, crazy genius entrepreneur also has personality traits that you and I would not want to associate with, probably wouldn't want to work with, wouldn't want …”
Housel: Investors must believe absurd stories because winning startups also sounded ridiculous
“So the fact that we can point out Theranos and FTX and WeWork, I think doesn't do justice to say that, like, you shouldn't believe in ridiculous stories, because the ones that do work out were also ridiculous stories.”
Housel: Expect a significant culling of both VCs and startups
“And the hit rate is probably going to be much lower now, and there's going to be a significant calling of both VCs and startups because The stories got ridiculous”
Housel: Elon Musk's Greatest Product Is Tesla Stock, Not Its Cars
“The greatest product that Elon Musk has ever made is not a Tesla car. It's not a SpaceX rocket. It's Tesla stock. It's the ticker TSLA. Because what he has done is he has told a more effective story about what Tesla might become in the future than maybe any ot…”
Housel: Excessive VC Capital Broke Good Businesses by Forcing Unnatural Growth
“There were so many businesses in the last decade that were good businesses with a good product that customers loved. And let's say their natural growth rate was 50% per year. Just throwing that out there. But a lot of VCs are like, oh, we're going to give you …”
Housel: 50 Years of Indexing Beats 98% of Investors Net of Fees
“And I also know that if I can be an index fund investor for 50 years, I will probably end up in the top two percent of all investors who are doing this, particularly after fees, after taxes, transaction costs, top two percent.”
Housel: Financial Pundits Escape Penalty for Being Wrong by Soothing Clients
“If you are a pundit in the financial industry or an analyst or an economist, whatever word you want to use, If you tell people what they want to hear, you can be wrong for a long time without any penalty, because what you are doing, you're giving your clients …”
Morgan Housel attributes 99 percent of Warren Buffett's success to time horizon
“We know with just the simple arithmetic, he's done what he's been able to do because he's been investing for 75 years. That's it. That's 99% of the explanation. So the only book describing Buffett's success, if you want to emulate that success, is the title of…”
Housel: Financial success requires patience and low ego, not intelligence
“You don't need intelligence and connections and education and experience to do well. All you need is like a couple of behavioral attributes That Ronald Reed had. Patience. Low ego. That's all you need. And even if you have all of the intelligence in the world,…”
The other half of the tape: Morgan Housel's own voice is left out of every number here. Other people bring the name up 39 times in 22 episodes across the shows. 2 statements on the record name them. every mention, with the transcript →
Who brings them up most Ted Seides 8Codie Sanchez 5David Senra 4John Coogan 3Gabby Goldberg 3Chris Hutchins 3Tom Gaynor 2Greg Isenberg 2
Statements about Morgan Housel, by other people (2)
Gaynor: Never Criticize Mispronunciations Because It Proves Someone Learned by Reading
“You should never criticize someone who mispronounces a word because that means he learned about it by reading.”
Every mention by year
tap a year for its mentions
Capital Allocators 13
the Startup Ideas Podcast 9
BigDeal 9
the Knowledge Project 4
TBPN 3
Sourcery 1
2026 9 mentions in 1 episode
2025 2 mentions in 2 episodes 1 per episode
2024 10 mentions in 8 episodes 1 per episode
- Tom Gayner: Invest Like The Best
- George Michelakis – Chess Master's Approach to Long-Short Equity at Gladstone (EP.362)
- Cyan Banister & Lee Jacobs: Investing in 'The Magically Weird' | SpaceX, Uber, Anduril · Sourcery with Molly O'Shea
- Who's Getting Rich Off Ozempic? (e12)
- Inside JD Vance's Portfolio (ep8)
- I can't believe he gave away these GENIUS 7 profitable startup ideas (watch this)
- How to meet anyone you want
- Chris Davis: Three Generations of Wealth
- every mention in 2024, scene by scene →
2023 4 mentions in 2 episodes 2 per episode
2022 6 mentions in 3 episodes 2 per episode
2021 1 mention in 1 episode
2020 3 mentions in 2 episodes 2 per episode
2019 2 mentions in 1 episode
2018 1 mention in 1 episode
2017 1 mention in 1 episode
One line per show, most statements first. The link opens Morgan's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| KNOWLEDGE PROJECTLEDGER | Partner, The Collaborative Fund | 4 | 152 | 54% 13/24 | full record on the Knowledge Project → |
| CAPITAL ALLOCATORSLEDGER | Partner, The Collaborative Fund | 3 | 96 | 36% 4/11 | full record on Capital Allocators → |
| BIGDEALLEDGER | Partner, The Collaborative Fund | 1 | 28 | 100% 2/2 | full record on BigDeal → |
| STARTUP IDEASLEDGER | Partner, The Collaborative Fund | 1 | 25 | 100% 2/2 | full record on the Startup Ideas Podcast → |
| SOURCERYLEDGER | Partner, The Collaborative Fund | 1 | 24 | 50% 1/2 | full record on Sourcery → |
| TBPNLEDGER | Partner, The Collaborative Fund | 1 | 13 | 50% 1/2 | full record on TBPN → |