Eternal Laws of Human Nature: Timeless Investing Principles from “Same As Ever" - Morgan Housel
Description
Dive into the timeless insights of Morgan Housel's book 'Same As Ever' and the nature or things that never change.
We unpack the most profound lessons from the book, exploring how subtle shifts in perspective can lead to monumental changes in personal finance and decision-making.
Sam invites his book review cohost Nicolas Vereecke on the show to discover how Housel's principles can be applied to everyday life, providing clarity and guidance through the complexities of economics and behavioural finance.
Lessons and principles include:
- Risk is what we don't see
- Balancing drive and satisfaction
- Investing in things that are permanent winners
- The role of Cohorts on success
- Permanent vs. Expiring information
Join us as we decode strategies for smarter investing, savvier saving, and overall wiser financial health.
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Morgan Housel Links
- Morgan's Blog - Collab Fund
- Morgan's Podcast - The Morgan Housel Podcast
- Psychology of Money
- Same As Ever
Meet Sam
Free Call - Schedule Link
Growth Mindset Psychology:
Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.
Watch - YouTube (Growth Mindset)
Website - GrowthMindsetPodcast.com
Insta - SamJam.zen
Newsletter - Expansive Thinking
Chapters:
00:00 Introduction - Things that never change
04:29 Book summary: Same as Ever by Morgan Hause
05:01 Human behaviour the Lindy Principle
05:54 Key Takeaway: Progress is Hard to See
06:56 The Impact of Evolution on Human Perception
10:10 The Risks We Don't See
10:47 The Role of Luck in Success
16:06 Happiness and Expectations
18:39 Balancing Stress and Relaxation
20:42 Balancing drive with Satisfaction - Ad break
23:13 The Influence of Your Social Circle
28:06 The Impact of Age in Professional Hockey
29:02 The Role of Private Tutoring in Education
29:42 The Influence of Cohorts on Success
31:16 Permanent vs. Expiring Information
33:39 Books vs. Podcasts: A Debate
37:46 Getting information from the source - Ad break 2
42:42 The Value of Taste and Enthusiasm
44:34 Book Review and Final Thoughts
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