Morgan Housel
56 statements across 4 episodes · 15 bullish · 8 bearish · 2 people on the record · first statement Sep 7, 2020 by Morgan Housel · said 13 times in 9 episodes since 2017 · across every show →
On the record as a speaker too: Morgan Housel's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by Ted Seides (8), Drew Dickson (2), Patrick O'Shaughnessy (1), Mike Trigg (1), Jim Dunn (1)
tap a year for its mentions
2025 1 mention in 1 episode
2024 2 mentions in 1 episode
2022 2 mentions in 1 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
Everything said about Morgan Housel, oldest first
Sep 7, 2020
Morgan Housel says weekly writers produce only three to five great pieces
“What's true for me that I think is true for almost any writer is if I'm writing 50 articles a year, about one a week, at the end of the year, I will be really proud of like five of them, even three of them. And then there'll be 20 or so that I'm like, eh, this…”
Sep 7, 2020 positive
Morgan Housel argues investors should aim to be reasonable rather than rational
“So rather than trying to be rational, I think people should just try to be reasonable with their money. Just try to do things that try to make sense within the context of your own goals, your own personality, your own risk tolerances, your own flaws, and what …”
Sep 7, 2020
Jul 29, 2021
Jan 1, 2024
Housel: The World Experiences an Unforeseen Structural Breakdown Once Per Decade
“My expectation is that on average, the world will break once per decade. Break in the sense of you wake up one morning and you realize that a lot of what you thought was true is no longer true. But the other common denominator there is That breakage is always …”
Jan 1, 2024
Housel: A 50% Market Drop Is Not a Risk If It's Expected
“Look, I have experienced, and will experience again in the future, the market falling 50%. Do I view that in, for me personally, as a risk? I don't know if I would put that in the category of risk, because I expect it to happen. If I expect it to happen, it's …”
Jan 1, 2024
Housel: The Sweet Spot of Fame Is a Notable Name Without a Recognizable Face
“If you can't go to the grocery store without being recognized, that's a terrible thing. That's when your fame starts to go downhill and just becomes a liability. So I think if you can have a notable name, but people still don't recognize you at the grocery sto…”
Jan 1, 2024 negative
Housel: Public wealth brings fame's toxic social distortions and flattery
“I think if you are very public with your financial success, you get that equivalent. You're the equivalent of an A-list actor where everybody around you wants something for you, and they're going to laugh at your dumb jokes, and they're going to tell you that …”
Jan 1, 2024 bearish
Housel Models 3% Real Market Returns for His Own Retirement Plan
“When I'm thinking about my future for the next 50 years, let's just assume it's three. Completely arbitrary, But just going out of your way to manage your expectations. Now, if it's six or seven or eight, amazing. But I'm just going to assume it's going to be …”
Jan 1, 2024 bullish
Jan 1, 2024 neutral
Jan 1, 2024 neutral
Jan 1, 2024
Jan 1, 2024 positive
Housel: Authors do their best work writing for themselves, not audiences
“If you're writing for an audience of one, yourself, then you're naturally going to do your best work. Writing for yourself is really fun, and I think it shows in the writing. Writing for other people is work, and that shows in the writing.”
Jan 1, 2024 bearish
Jan 1, 2024
Housel: Audiences Consume Market Forecasts to Soothe Uncertainty, Not Seek Truth
“People do not necessarily Want to know what's going to happen next. They want to reduce the uncertainty that they have in their head. So when you were listening to a market pundit who says, stocks are going to do this year. The economy is going to do this next…”
Jan 1, 2024 bullish
Housel: Markel Is the Only Company Replicating Berkshire Hathaway's Business Model
“If there's one company that I was like, look, they don't have the size anchor, and they have a little bit more of the youth to keep this going, the only company I've ever seen that's come close to that is Markel. And it's shamelessly copied the Berkshire busin…”
Jan 1, 2024 bullish
Jan 1, 2024
Jan 1, 2024 positive
Housel: Sustaining average returns over long periods beats maximizing single-year returns
“What actually matters in investing is not what the highest returns that you can earn are in any given year. It's what returns that you can sustain for the longest period of time. And I think the dirtiest secret in investing is that average returns sustained fo…”
Jan 1, 2024
Jan 1, 2024 neutral
Housel: Outlier Founders Like Musk and Bezos Are Tortured, Not Ambitious
“Patrick said the phrase that he would use to describe their personality is not driven by It's not ambitious. It's tortured. They wake up every morning tortured that they are not more successful, bigger, richer than they are. And I think that's true for virtual…”
Jan 1, 2024
Jan 1, 2024 positive
Jan 1, 2024
Housel: Extreme business success almost always comes at the expense of family or health
“Almost without exception, people who are very good at one thing tend to be very bad at another thing. It's like your mind only has enough bandwidth for a certain amount of thought and action. And if you are a kind of person who's crazy successful, At this busi…”
Jan 1, 2024 negative
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 …”
Jan 1, 2024 bearish
Jan 1, 2024 neutral
Housel: Asset Valuation Equals Today's Number Multiplied by Tomorrow's Story
“Every market valuation for any stock, public company, private company, even bond, is a number from today multiplied by a story about tomorrow. That's the basic mechanism of valuation. A number from today, like earnings per share, and a story about tomorrow, wh…”
Jan 1, 2024 neutral
Jan 1, 2024 positive
Jan 1, 2024 positive
Housel: My parents have dollar-cost averaged into Vanguard funds since 1990
“My parents have no financial education, no financial background, minimal financial interest, but because of their personality, they have dollar cost average in the Vanguard index funds since I think, 1990, never sold a single share.”
Jan 1, 2024
Jan 1, 2024 positive
Housel: Storytelling Bridges Novices and Experts Better Than Data
“If you can tell a story about how people think, that is something that an eighty-year-old hedge fund manager will appreciate, and a sixteen-year-old will understand. I don't think there's any data equivalent of that. There's almost no chart or formula of data …”
Oct 20, 2025
Housel: Debt narrows while wealth widens the range of survivable outcomes
“The more debt you have, the narrower the range of outcomes you can endure in life. Very simple, very elementary in that sense. That's how I think about wealth. The more wealth you have, the wider the channel becomes of the range of outcomes that you can endure…”
Oct 20, 2025
Oct 20, 2025
Housel: People default to wealth as life's metric because it is quantifiable
“Part of the reason that it is so easy is because money is one of the only things in life that is so immediately tangible and quantifiable. I'll use the example. If I woke up and said, I want to be a Great goal. I would love to do that. What does that mean? How…”
Oct 20, 2025 neutral
Housel: Gaining wealth yields fewer bad days rather than constant euphoria
“Relative to where I was five years ago, I don't have more better days, but I think I have fewer bad days, which is a lifestyle improvement. That is a better life. That is an upgrade. But let's not pretend that when people make Some amount of money. They're jus…”
Oct 20, 2025 negative
Housel: Education Cannot Overcome a Lack of Innate Aptitude
“If you're a musician, you either understood it instantly when you're six years old or never. You're never going to be a musician. We want to think that because we're intelligent and educated, we can just go learn a new topic. And to some extent, it's true. To …”
Oct 20, 2025
Housel Limits the Focus of His Wealth to Just Six Core Relationships
“I want my wife, kids, parents, and two or three of my friends to love me. I desperately want them to love me. And pretty much nobody else. I want to use my Wealth and my time and my energy to help my life within the context of those six or seven people.”
Oct 20, 2025 positive
Oct 20, 2025 positive
Housel: A Majority of Personality May Be Inherent at Conception
“Part of that too, actually a huge part of it, is my growing belief that a lot of our personalities, maybe the majority of our personalities, are forged at conception, and there's nothing we can do about it. It's just on the nature-nurture spectrum, there's a l…”
Oct 20, 2025
Housel: Saving Money Purchases Immediate Independence Rather Than Delaying Gratification
“Viewing it as not saving money, as idle money, as not delayed gratification, but viewing it as purchasing independence that I gained pleasure from today. It's not delayed gratification. If I save money, I benefit from that right now because I have a higher sen…”
Oct 20, 2025
Oct 20, 2025 positive
Oct 20, 2025
Oct 20, 2025 neutral
Housel: A big house only brings happiness if it facilitates relationships
“Having that big house makes it easier to host your friends. But the realization is the friends are making you happy. The house doesn't make any difference. But if it's a conduit to having more meaningful relationships, awesome, fantastic.”
Oct 20, 2025 positive
Housel Seeks Material Contentment But Endless Ambition as Father and Writer
“When I say contentment, I want to be content with my house. I don't want to be content with how good I am as a writer or a father or a husband. I never want to drop my standards for that. I always want to do better. I'm never going to be satisfied with how wel…”
Oct 20, 2025
Housel: Realizing strangers do not care about possessions cuts status spending
“Nobody is thinking about you as much as you are. Nobody cares about your house or your car or your clothes as much as you do. They're busy thinking about themselves. Once you come to grips with that, then your desire for impressing strangers plunges, and then …”
Oct 20, 2025
Housel: Understanding beliefs requires asking what life experiences shaped them
“Rather than looking at other people and saying, why do you believe that? Why are you doing that? A way better question is, what have you experienced in life that makes you believe that? An even better question is, if I experience that same thing, would I belie…”
Oct 20, 2025 neutral
Oct 20, 2025 positive
Oct 20, 2025 negative
Housel: Spoiled kids result from judging people by wealth, not material privilege
“Whenever you have spoiled children, it's usually not because the children had a big material life. It's because the parents, maybe without even knowing it, taught their kids that you should judge other people by how much money they have, not how much wisdom th…”
Oct 20, 2025 negative
Housel: Spending on experiences is often a trap for social status
“One that seems very harmless and innocent is the spend money on experiences. I think it's bad for two reasons. One, a lot of times the experience that you want is what will make a good Instagram picture. That's especially true for young people. And you're not …”
Oct 20, 2025
Housel: Conspicuous wealth display often stems from early emotional wounds
“So many people, they have a very high propensity to show off their wealth. A lot of times, it's because they are trying to fill an emotional wound that they had from earlier in their life, of some time in their life when they were snubbed in some way, and eith…”
Oct 20, 2025 neutral
Oct 20, 2025 neutral
Housel: Children absorb money habits from parental observation rather than direct instruction
“You don't need to sit down your kids and tell them about money. But every time you say, we can't afford this, every time you make a snide comment about your neighbor's yard, every time you choose the hotel to go on, they're always paying attention. And by the …”