Morgan Housel
Partner at Collaborative Fund and author of The Psychology of Money. Writes short essays about how people actually behave with money, rather than about what markets will do next.
Morgan Housel did not write this page.
We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.
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Their wordsBut when a majority of people expect a top 5% outcome the result is guaranteed mass disappointment.
↗A Few Things I’m Pretty Sure Aboutcollabfund.com 1st of 5 in this piece
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Their wordsI think the majority of society problems are all downstream of housing affordability.
↗A Few Things I’m Pretty Sure Aboutcollabfund.com 2nd of 5 in this piece
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Their wordsEvery economic issue is complex, but this one seems pretty straight forward: we should build more homes. Millions of them, as fast as we can.
↗A Few Things I’m Pretty Sure Aboutcollabfund.com 3rd of 5 in this piece
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Their wordsThe internet is unique in the history of technology because there’s a list of things it improved (communication, access to information) but another list of things it likely made worse for almost everybody
↗A Few Things I’m Pretty Sure Aboutcollabfund.com 4th of 5 in this piece
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Their wordsCycles are so hard to predict, because it’s easier to forecast in straight lines.
↗A Few Things I’m Pretty Sure Aboutcollabfund.com 5th of 5 in this piece
- 20 months earlier
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Their wordsI think this is the most practical way to think about debt: As debt increases, you narrow the range of outcomes you can endure in life.
↗How I Think About Debtcollabfund.com 1st of 2 in this piece
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Our reading
The real price of debt is paid in options and flexibility, which is the asset that matters most.
Their wordsyou start to see it as a constraint on the asset that matters most: having options and flexibility
↗How I Think About Debtcollabfund.com 2nd of 2 in this piece
- 3 weeks earlier
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Their wordsIt’s so important to know the difference between the two when attempting to learn from someone. You want to try to emulate skills that are repeatable.
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Their wordsyou want to learn the big lessons about why things behave the way they do without assuming the past is a direct guide to the future, because it’s not – most of the details are not repeatable
- 2 months earlier
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Their wordsThere are two ways to use money. One is as a tool to live a better life. The other is as a yardstick of status to measure yourself against others.
↗A Few Thoughts on Spending Moneycollabfund.com 1st of 3 in this piece
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Their wordsUnspent money buys something intangible but valuable: freedom, independence, autonomy, and control over your time.
↗A Few Thoughts on Spending Moneycollabfund.com 2nd of 3 in this piece
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Their wordsThere is no such thing as an objective level of wealth. Everything is relative to someone else.
↗A Few Thoughts on Spending Moneycollabfund.com 3rd of 3 in this piece