MI171: The Psychology of Money Book Review (Mini-Episode)

IN THIS EPISODE, YOU’LL LEARN:

• 01:19 - Clay’s biggest takeaways from reading The Psychology of Money by Morgan Housel.
• 04:55 - Why it’s better to study broad trends and patterns rather than specific individuals.
• 08:44 - Warren Buffett’s secret weapon to becoming one of the richest people on the planet.
• 09:30 - The story of how Jesse Livermore built a fortune trading stocks, only to eventually lose it all.
• 14:39 - What Morgan Housel’s definition of wealth is.
• 17:25 - Why trying to make market predictions is a fool’s game.
• 24:50 - How Morgan Housel thinks about and handles his own finances.
• And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
• Morgan Housel’s book The Psychology of Money.
• Housel's concept of the man in the car paradox.
• JL Collin’s book The Simple Path to Wealth.
• Ramit Sethi’s book I Will Teach You To Be Rich.
• Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.
• Follow Clay on Twitter.
• Get a FREE audiobook from Audible.
• Check out our Investing Starter Packs about business and finance.

SPONSORS

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• Range Rover
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• Public
• Airbnb
• Found
• NetSuite

Connect with Clay: Twitter

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