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

<p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><ul><li>01:19 - Clay’s biggest takeaways from reading The Psychology of Money by Morgan Housel.</li><li>04:55 - Why it’s better to study broad trends and patterns rather than specific individuals.</li><li>08:44 - Warren Buffett’s secret weapon to becoming one of the richest people on the planet.</li><li>09:30 - The story of how Jesse Livermore built a fortune trading stocks, only to eventually lose it all.</li><li>14:39 - What Morgan Housel’s definition of wealth is.</li><li>17:25 - Why trying to make market predictions is a fool’s game.</li><li>24:50 - How Morgan Housel thinks about and handles his own finances.</li><li>And much, much more!</li></ul><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>EPISODE RESOURCES</strong></p><ul><li>Morgan Housel’s book <a href="https://www.amazon.com/gp/product/0857197681/ref=as_li_qf_asin_il_tl?ie=UTF8&amp;tag=millenniali0e-20&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=0857197681&amp;linkId=1b4b842dcc9cbbe34f87224797812abc" rel="noopener noreferrer" target="_blank"><strong>The Psychology of Money</strong></a>.</li><li>JL Collin’s book <a href="https://www.amazon.com/gp/product/1533667926?ie=UTF8&amp;linkCode=ll1&amp;tag=millenniali0e-20&amp;linkId=64b82e9b664fe8e14a89d570df3438a4&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>The Simple Path to Wealth</strong></a>.</li><li>Ramit Sethi’s book <a href="https://www.amazon.com/gp/product/1523505745/ref=as_li_qf_asin_il_tl?ie=UTF8&amp;tag=millenniali0e-20&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=1523505745&amp;linkId=cbaf65ae12f6233c23062186183370dc" rel="noopener noreferrer" target="_blank"><strong>I Will Teach You To Be Rich</strong></a>.</li><li>Robert and Clay’s tool for picking stock winners and managing our portfolios: <a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank"><strong>TIP