Housel Allocates 40% of Book Royalties to Taxes and Instantly Invests the Rest
Morgan Housel · Morgan Housel: Wealth is What You Have Minus What You Want · Jan 20, 2026 · at 1:54:33
Author Morgan Housel discusses his personal dollar-cost averaging and lump-sum investing process with host Shane Parrish.
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“In the last five years, every book check that I've gotten at 40% to taxes, the rest of stocks, just simple, just brainless.”
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