MI171: The Psychology of Money Book Review (Mini-Episode)

IN THIS EPISODE, YOU’LL LEARN:

01:19 - Clay’s biggest takeaways from reading The Psychology of Money by Morgan Housel.04:55 - Why it’s better to study broad trends and patterns rather than specific individuals.08:44 - Warren Buffett’s secret weapon to becoming one of the richest people on the planet.09:30 - The story of how Jesse Livermore built a fortune trading stocks, only to eventually lose it all.14:39 - What Morgan Housel’s definition of wealth is.17:25 - Why trying to make market predictions is a fool’s game.24:50 - How Morgan Housel thinks about and handles his own finances.And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

EPISODE RESOURCES

Morgan Housel’s book The Psychology of Money.JL Collin’s book The Simple Path to Wealth.Ramit Sethi’s book I Will Teach You To Be Rich.Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.Follow Clay on Twitter.Get a FREE audiobook from Audible.Check out our Investing Starter Packs about business and finance.Support our free podcast by supporting our sponsors. The interval fund, a breakthrough innovation. Only at Mackenzie.Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Design is already in your hands with Canva. Start designing for free today.Get insights on how to plan for your financial goals with The Globe and Mail. Listeners get a special digital subscription rate for unrestricted access to everything.

Read this episode’s transcript and full show notes on our website.

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