korrents

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More about money may be learned from fields like politics, military history, biology and sociology than from a finance book, because the question is how people make decisions.

Drawn from what Morgan Housel said

What these subjects mean

war Armed conflict and preparing for it: military spending, alliances, and what changes when machines are in the loop.

politics How people actually hold political views: tribes, partisanship, and whether anybody reasons their way in.

behavioural science Applying how people actually decide to policy, rather than assuming how they should.

Many models, not one

Which mental models help you think better?under our view: One model is never enough: carry many, from many fields, or every problem looks like a nail

What Morgan Housel actually said

  1. Morgan Housel Partner at Collaborative Fund and author of The Psychology of Money
    I think you can learn more about money by reading about politics military history biology sociology than you will by reading a finance book because you're just trying to figure out how do people make decisions how do you make decisions and how do other people make decisions and by and large you're not going to learn that in an economics textbook but you will learn about it by reading all of these other fields that have nothing to do with money

Added to korrents 9 Oct 2026 · How quotes work · Something wrong? Tell us

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