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The Stupendous Luck Of Bill Gates And Other Money Psychology Fables – With Morgan Housel



Morgan Housel is one of the finest investment writers of our generation. His book, out this week, is destined to become a modern classic. Not only will you enjoy breezing through each of these highly enjoyable and critical ideas, but you’re going to love recommending this book to friends, family and young people for years to come.

Watch Morgan and I discuss ‘The Psychology of Money’ and then get the book:

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#Stupendous #Luck #Bill #Gates #Money #Psychology #Fables #Morgan #Housel

Some Toughts (29)

  1. Avatar
    added on 11 Sep, 2020
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    Just bought the book…on Audible! 🙂

  2. Avatar
    added on 11 Sep, 2020
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    In the Bill Gates example, Morgan's conflating luck with privilege. Being an upper-middle class white kid whose parents have the financial resources to send him to a private school with the resources to have a computer – that's not a dice roll.

  3. Avatar
    added on 11 Sep, 2020
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    Josh you should wear the Mets cap on Fast Money!

  4. Avatar
    added on 11 Sep, 2020
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    Morgan is interesting to listen to, I like his enthusiasm.

  5. Avatar
    added on 11 Sep, 2020
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    Great interview. Sounds like a great book, and I do hope it's available in audiobook form. My only critique would be about Vanderbilt: I absolutely believe that luck is an ingredient. But a pirate, he was not. He added, through obsessive determination and aquired skill, an enormous amount of value to society and commerce in America. Pirates add no value, accept in Disney movies. He didn't exactly break laws, but exploited the absence of those laws and regulations that were not around yet. His takeover methods were very similar to the "Be greedy when others are fearful, etc…" strategy. (Ref: TJ Stiles book "First Tycoon")

  6. Avatar
    added on 11 Sep, 2020
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    Great program! I really enjoy tuning in and listening to your discussions! Thanks much!

  7. Avatar
    added on 11 Sep, 2020
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    JB dresses like a clown

  8. Avatar
    added on 11 Sep, 2020
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    Bill Gates was so lucky he was in the right place at the right time FOR SURE🔥🔥🔥

  9. Avatar
    added on 11 Sep, 2020
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    What's he got on his head?

  10. Avatar
    added on 11 Sep, 2020
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    At 17ish, you nailed the entire 1st family lol kushner too

  11. Avatar
    added on 11 Sep, 2020
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    I bought the book

  12. Avatar
    added on 11 Sep, 2020
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    Physical books dont strain your eyes as much as a screen, but you can check out this E ink companies products, still lags in terms of resolution but i think down the road they can dominate eBooks.

  13. Avatar
    added on 11 Sep, 2020
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    Caste system. Yes. Very true in NYC.

  14. Avatar
    added on 11 Sep, 2020
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    I like the way guys ramble on about the worthlessness of rambling. It was very effective in making the point. Great interview, can't wait to read the book!

  15. Avatar
    added on 12 Sep, 2020
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    That Bill Gates situation was described in the book "Outliers".

  16. Avatar
    added on 12 Sep, 2020
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    book ordered

  17. Avatar
    added on 12 Sep, 2020
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    Art of Thinking Clearly, Random Walk Down Wall Street, Geometry of Wealth, Margin of Safety….then Thinking Fast & Slow.

  18. Avatar
    added on 12 Sep, 2020
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    great chat fellas!

  19. Avatar
    added on 12 Sep, 2020
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    “Luck Is What Happens When Preparation Meets Opportunity"

  20. Avatar
    added on 13 Sep, 2020
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    Morgan Housel is beyond brilliant. I have read everything, he has ever wrote I feel. Looking forward to the book.

  21. Avatar
    added on 13 Sep, 2020
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    Love your New York property mogul scion comment 👍

  22. Avatar
    added on 13 Sep, 2020
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    The podcast this week was a great listen JB. Loved the historical perspective + sharing your mssg to your firm. Wish you great health!

  23. Avatar
    added on 14 Sep, 2020
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    I often wonder how topnotch investors are able to make millions of dollars from investing, Im completely new on this area of investing. Long story short I have a couple thousands saved up which i want to invest for long term. I know this sounds a bit dull but I would like to know what advice anyone here would give to start my investing journey? e.g. Types of account and app i need to have

  24. Avatar
    added on 14 Sep, 2020
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    Pete Alonso

  25. Avatar
    added on 14 Sep, 2020
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    Holy moly an Eco reference. Shouldn't be surprised Josh has read FP, but it makes me an even bigger fan.

  26. Avatar
    added on 15 Sep, 2020
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    his wife Melinda says he was lucky https://www.youtube.com/watch?v=wug9n5Atk8c

  27. Avatar
    added on 15 Sep, 2020
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    Thinking fast and slow was way, way too damn long. Too much supporting evidence.. A book I should've just skimmed.

  28. Avatar
    added on 16 Sep, 2020
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    Seriously dig the reference to Umberto Eco…way to bring it all back home. Can't wait to read the dude's book ~ I'm grateful for the introduction to another kindred spirited financial wizard. DJB's ability to tie things together and make complex concepts relatable is impressive. Who knew finance could be so interesting!?

  29. Avatar
    added on 17 Sep, 2020
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    We loved the one page book! Thanks for all you do! Enjoying Morgan Housel’s book

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