Episode · The Tim Ferriss Show · 2022-03-02
Books mentioned on #576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor
Brought to you by Athletic Greens all-in-one nutritional supplement, Allform premium, modular furniture, and Tonal smart home gym. Morgan Housel (@morganhousel) is a partner at the Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal.
Books mentioned, in the order they came up
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The Psychology of Money
The Psychology of Money by Morgan Housel is a popular finance book that explores how human behavior, ego, and worldview shape financial decisions rather than purely mathematical formulas.
Discussed“so I have a just an embarrassment of riches in front of me in the form of tabs open in this browser and one of them is a Google document that contains my Kindle highlights from your book and that is the psychology of money and I have 18 pages of Kindle highlights”
Where to get it
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The intelligent investor
The Intelligent Investor by Benjamin Graham is a foundational finance text that outlines the core principles of value investing, market psychology, and disciplined portfolio management.
Discussed“Benjamin Graham the great investor who wrote the book The intelligent investor he's like the Godfather of investing if you tried to put Benjamin Graham's techniques to work today you would fail so incredibly hard so miserably”
Where to get it
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More money than God
More Money Than God by Sebastian Mallaby is a comprehensive non-fiction exploration of the history of hedge funds and the elite financiers who shaped modern global markets.
Discussed“the book more money than God by say Sebastian malaby am I getting that right something is is very entertaining also not a whole lot of styles you would want to try to emulate unless that is your sport”
Where to get it
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The Snowball
The Snowball by Alice Schroeder is a comprehensive biography of Warren Buffett that explores his life, business career, and the realities of immense wealth.
Discussed“but when the book The Snowball came out which is a biography written about Buffett by an author named Alice Schroeder and it came out I want to say 2009 something like that it really makes clear the case that Buffett has not lived a perfect life by any means”
Where to get it
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Your Money and Your Brain
Your Money and Your Brain by Jason Zweig is an influential look at behavioral finance that examines how human biology and psychology drive financial decision-making.
Recommended“Jason's book your money in your brain which came out probably 2005 2006 and it was one of the first behavioral Finance books out there and his book was kind of a bold look at like hey money is not spreadsheets it's dopamine and cortisol”
Where to get it
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Ready Player One
Ernest Cline's novel 'Ready Player One' is a dystopian science fiction adventure set in a virtual reality universe called the OASIS.
Recommended“Ready Player One People should take a look at that”
Where to get it
Other mentions in this episode (5) — ad reads, self-promotion and passing references, never counted
“His book the psychology of money has sold more than one million copies and has been translated into more than 30 languages.”
“one is James Clear who wrote a book called Atomic habits and the other is Mark Manson who wrote the book The subtle art of not giving a [ __ ]”
“one is James Clear who wrote a book called Atomic habits and the other is Mark Manson who wrote the book The subtle art of not giving a [ __ ]”
“you also see the same thing in say A Book Like Bringing Down the House by ben metri or metrich I apologize Ben I've forgotten how to say your last name which was later made into 21”
“he said it's called Atomic habits and I didn't say this but at the time I was like that sounds like a dumb name but for those who don't know I think Atomic habits has now sold five or six million copies it's probably the bestselling book of The Last Five Years”