logo
episode-header-image
Apr 2025
16m 4s

Reasonable vs. Rational

Morgan Housel
About this episode

The most impactful idea to me personally in my book: My theory is that most investment models maximize for risk-adjusted returns, but in the real world every investor wants to maximize for sleeping well at night and being proud of themselves in a complicated world.

Thanks to my friends at Eight Sleep. Check out eightsleep.com/morganhousel for more.

Up next
Aug 15
Investing: The Greatest Show on Earth
Thanks to my friends at Public.comAll investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investi ... Show More
12m 14s
Aug 7
What AI Might Do To The Future of Work
Thanks to my friends at Public.com and their podcast The Rundown -- ⁠click here for more.⁠ 
18m 58s
Jul 29
Very Bad Advice (And a Word on My New Book)
Thanks to my friends at Public.com and their podcast The Rundown -- click here for more. 
21m 19s
Recommended Episodes
Jul 2024
10 Investment Truths I Wish I Knew at 20 That I Know Now
This week, Sim and Maia dive into investment truths they wish they knew in their 20s, debunking the myth that more risk means more reward. They emphasise the importance of investing in what you understand and not letting losses feel personal. Plus, they share how consuming too mu ... Show More
21m 57s
Dec 2024
Best of 2024: 10 Investment Truths I Wish I Knew at 20 That I Know Now
This week, Sim and Maia dive into investment truths they wish they knew in their 20s, debunking the myth that more risk means more reward. They emphasise the importance of investing in what you understand and not letting losses feel personal. Plus, they share how consuming too mu ... Show More
21m 57s
Feb 2025
8 Simple Rules of Business I wish I knew in my 20s and 30s
>> Get The Book (Buy Back Your Time): https://bit.ly/3pCTG78  >> Subscribe to My Newsletter: https://bit.ly/3W2tjp2  10 years ago I came across this one simple truth. It revolutionized my entrepreneurial journey: Your business can't outgrow you. And in this episode, I break down ... Show More
15m 30s
Mar 2022
#99: Mindset Is The Key To Successful Investing
What is the key to successful investing? It's time to think broadly and use diversification in your investment portfolio. Especially in a season of economic uncertainty, it may be time to think about a breadth of investments instead of focusing on depth.  Many would say the key t ... Show More
17m 3s
Aug 2024
AMA - Tax Efficient Investing
This question comes from Michael who writes: One that I struggle with is as follows.  Since my non qualified investments are mostly in index funds and mutual funds, my ability to deploy them for investing is limited.  I can of course sell for liquidity, but incur an enormous capi ... Show More
5m 29s
Feb 2025
The Fastest Way to Scale Your Side Hustle with No Budget | Tea with GaryVee Ep. 66
On today's podcast, I'm sharing Episode 66 of Tea with GaryVee! Too many entrepreneurs get stuck between long-term brand building and the need for immediate revenue—so how do you balance both? In this episode, I answer a powerful question on walking that fine line, and my ... Show More
28m 1s
Oct 2024
The Mindset Of A Dominator (& Why They Win While Most Lose)
Most people are slaves to their negative mindset. But those who dominate? They’ve mastered their mind. In this episode, Jaspreet delves into the seven powerful mindset traits that separate dominators from the rest. With real-life examples of how people like Steve Harvey, Kobe Bry ... Show More
11 m
May 2024
The Truth About Making Money, Investing, and Success l With Clix
Today's episode is a part of the 11-hour live stream that I did for my book Day Trading Attention. Clix joins me for a quick conversation where we talked about making money emphasizing the importance of self-awareness to choose the right career path. I also share my thoughts ... Show More
19m 1s
Jul 2024
Taking the Longcut vs. Spending Time Looking for Shortcuts
E372: I meet a lot of people obsessed with get-rich-quick schemes and shortcuts. Something, however, I see time and time again is that the most surefire way to achieve one’s goals is to take the longcut. This means doing something one enjoys and sticking with it daily (or several ... Show More
14m 4s
Jul 2024
Beginner Series - What Is Syndication?
Today’s show is the second in our beginner series. Our listeners are sophisticated. Many of you own large portfolios of apartments. But you also have people in your life who are interested in learning more, but maybe don’t have access to high quality information. The idea of send ... Show More
5m 15s