The Psychology of Money with Morgan Housel
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The Psychology of Money with Morgan Housel

NewMark Twain on Relative WealthOctober 16, 2026 · 22 min
Episodes
101
Released
weekly
Latest episode
Oct 16, 2026

About the podcast

Timeless lessons on wealth, greed, and happiness.

Episodes 101

  1. Mark Twain on Relative Wealth

    22 min

    Plus, the obsession with minimalism, worrying in your 20s, and the barbell approach to investing. This episode is brought to you by State Street Investment Management’s Sector ETFs. To learn more, visit …

    Show notes

    Plus, the obsession with minimalism, worrying in your 20s, and the barbell approach to investing.


    This episode is brought to you by State Street Investment Management’s Sector ETFs. To learn more, visit StateStreet.com/SectorETFs. Before investing consider the funds’ investment objectives, risks, charges and expenses. Visit statestreet.com/im for a prospectus containing this and other information. Read it carefully.

  2. A False Sense of How People View You

    20 min

    The disconnect between what you're trying to show and what other people see -- plus, demographics, influencers, and the role of luck. Want to help this show? Take this quick survey …

    Show notes

    The disconnect between what you're trying to show and what other people see -- plus, demographics, influencers, and the role of luck.


    Want to help this show? Take this quick survey: https://www.surveymonkey.com/r/B2QLMW6


    This episode is brought to you by Davis Advisors. To learn more, visit https://www.davisadvisors.com/. Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

  3. Three Types of Intelligence

    25 min

    New skills that become more important in an AI world, the cost of living, and winning the lottery. This episode is brought to you by Davis Advisors. To learn more, visit https://www.davisadvisors.com/. Before …

    Show notes

    New skills that become more important in an AI world, the cost of living, and winning the lottery.


    This episode is brought to you by Davis Advisors. To learn more, visit https://www.davisadvisors.com/. Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

  4. An Overlooked Reason Homes Are So Expensive

    22 min

    More Americans than ever own stocks -- and helps explain part of why home prices have become detached from incomes. This episode is brought to you by Davis Advisors. To learn more, visit …

    Show notes

    More Americans than ever own stocks -- and helps explain part of why home prices have become detached from incomes.


    This episode is brought to you by Davis Advisors. To learn more, visit https://www.davisadvisors.com/. Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

  5. Nothing Too Good or Too Bad Stays That Way For Long

    22 min

    One of the most important financial skills: recognizing when things are abnormally good and realizing they won't last. This episode is brought to you by Davis Advisors. To learn more, visit …

    Show notes

    One of the most important financial skills: recognizing when things are abnormally good and realizing they won't last.


    This episode is brought to you by Davis Advisors. To learn more, visit https://www.davisadvisors.com/. Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

  6. AI Optimism and the Agony of Waiting

    21 min

    Most forecasts are hyper-optimistic or hyper-pessimistic. Not enough attention to the possibility that the main outcome in 10 years is that all businesses are 20%-30% more productive and life goes on. This …

    Show notes

    Most forecasts are hyper-optimistic or hyper-pessimistic. Not enough attention to the possibility that the main outcome in 10 years is that all businesses are 20%-30% more productive and life goes on.


    This episode is brought to you by Davis Advisors. To learn more, visit

    https://www.davisadvisors.com/.

    Disclosure: Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

  7. The Richer You Get, The Easier It Is To Imagine Something Better

    21 min

    This episode is brought to you by “Stay Calm” the new book by David Booth. To learn more, visit https://www.staycalminvesting.com/.

  8. $40 Trillion National Debt (And Some Important Context)

    18 min

    This episode is brought to you by “Stay Calm,” the new book by David Booth. To learn more, visit https://www.staycalminvesting.com/

  9. The Sociology of Money: Be Careful Who You Socialize With

    19 min

    This episode is brought to you by Davis Advisors. To learn more, visithttps://www.davisadvisors.com/.Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The …

    Show notes

    This episode is brought to you by Davis Advisors.

    To learn more, visithttps://www.davisadvisors.com/.

    Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279.Investing involves risks including possible loss of principal.

  10. Bitcoin, A Reasonable View of The World, and Passion Is The Inverse of Information

    25 min

    This episode is brought to you by Davis Advisors. To learn more, visithttps://www.davisadvisors.com/.Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The …

    Show notes

    This episode is brought to you by Davis Advisors.

    To learn more, visithttps://www.davisadvisors.com/.

    Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

  11. A Tale as Old As time: Getting Rich vs. Staying Rich

    26 min

    Plus, a story about free money, and the dangers of telling people what they want to hear. This episode is brought to you by Davis Advisors. To learn more, visithttps://www.davisadvisors.com/.Disclosure: Before …

    Show notes

    Plus, a story about free money, and the dangers of telling people what they want to hear.

    This episode is brought to you by Davis Advisors. To learn more, visithttps://www.davisadvisors.com/.

    Disclosure: Before investing, you should carefully consider the investment objectives, risks, charges, and expenses. The prospectus or Form ADV, as applicable, contains this and other information. You can obtain a current prospectus or Form ADV by calling 800-279-2279. Investing involves risks including possible loss of principal.

  12. Respecting Each Other's Delusions, Memory Dividends, and What Our Grandchildren Will Enjoy

    22 min

    Plus, the inability to spend when you've already saved enough, and the value of scarcity.

  13. "Some of The Unhappiest People In The World"

    22 min

    Plus, how to deal with minimalism, and what happens when everyone makes good financial decisions. Read the article I mention, Grip Strength, by Jeremy Giffon here.

  14. Six Quotes That Changed Me

    19 min

    Plus, the dangers of making money your identity.

  15. Why I'm an Optimist, And Growing Apart Financially

    25 min

    Plus, a great documentary I'd recommend.

  16. The Purpose of Independence, Lazy Work, and Believing Forecasts.

    26 min

    Plus, a new name for this podcast: The Psychology of Money.

  17. The History of Uncertainty, The Magic of The Long Term, And Overstating New Technology

    30 min

    Plus, thoughts on earning passive wealth.

  18. Natural Maniacs, An Overvalued Market, and Recovering From Years of Bad Financial Habits

    30 min

    Plus, comparing the cost of things you love.

  19. Gas Prices, Stock Bubbles, Grad Advice -- And Teaching Personal Finance In School

    42 min

    Plus, thoughts on the scarcity mindset with money.

  20. Luck, Wealth, Kids, Kindness -- And A New Format: Questions From You.

    30 min

    The luckier you are the nicer you should be, plus three questions from you.

  21. New Podcast Format -- And I Need Your Help

    1 min

    This podcast is going through some changes. As part of the new format, I'll be answering your questions on future episodes. Have a question? Send it to [email protected].

  22. Long-Term Money

    9 minSeason 1 · Episode 87

    Generational progress, wealth, and spoiled kids.

  23. A Few Things I'm Pretty Sure About

    11 minSeason 1 · Episode 86

    We're back! A list a few big things I've been thinking about lately.

  24. Out Now: The Art of Spending Money (First Full Chapter Here)

    16 minSeason 1 · Episode 89

    This is a full-chapter preview of my new book, The Art of Spending Money, out today. Click here to buy the book.

  25. Two Big Stories That Help Explain Today's World

    13 minSeason 1 · Episode 84

    We became aware of each other at the same time we grew apart financially, and the psychology of when news went from local to national to global.

  26. Playing Your Own Game

    20 minSeason 83 · Episode 83

    From the archives: one of my favorite topics -- the importance of playing your own game. Thanks to my friends at Public.comAll investing involves the risk of loss, including loss of principal. Brokerage …

    Show notes

    From the archives: one of my favorite topics -- the importance of playing your own game.


    Thanks to my friends at Public.com

    All 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 Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. Alpha is an experimental AI tool powered by GPT-4. Its output may be inaccurate and is not investment advice. Public makes no guarantees about its accuracy or reliability—verify independently before use.

  27. Big Ideas From The Art of Spending Money

    11 minSeason 1 · Episode 82

    Pre-order my new book The Art of Spending Money here. ***Thanks to my friends at Public.comAll investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered …

    Show notes

    Pre-order my new book The Art of Spending Money here.

    ***

    Thanks to my friends at Public.com

    All 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 Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. Alpha is an experimental AI tool powered by GPT-4. Its output may be inaccurate and is not investment advice. Public makes no guarantees about its accuracy or reliability—verify independently before use.

  28. Investing: The Greatest Show on Earth

    12 minSeason 1 · Episode 81

    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 …

    Show notes

    Thanks to my friends at Public.com

    All 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 Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. Alpha is an experimental AI tool powered by GPT-4. Its output may be inaccurate and is not investment advice. Public makes no guarantees about its accuracy or reliability—verify independently before use.

  29. What AI Might Do To The Future of Work

    19 minSeason 1 · Episode 80

    Thanks to my friends at Public.com and their podcast The Rundown -- ⁠click here for more.⁠

  30. Very Bad Advice (And a Word on My New Book)

    21 minSeason 1 · Episode 79

    Thanks to my friends at Public.com and their podcast The Rundown -- click here for more.

These are the latest 100 of 101 episodes. You’ll find older episodes in the podcast’s feed.