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Podcast: Read & Repeat
Episode: EP46 The Psychology of Money by Morgan Housel
Description: Morgan Housel’s fantastic book “The Psychology of Money” is a collection of stories on how we interact with our own money. I really enjoyed reading Housel’s book (for the second time!) because it contains many fundamental lessons on investing psychology. He emphasizes that the true wealth lies not in material possessions or lavish lifestyles, but in the freedom it affords us. The best thing money can buy us is freedom. Housel also describes that while we often fixate on high-flying investment strategies, the key to long-term wealth accumulation is actually prioritizing financial survival. By optimizing for survival and usin...