137 - The Psychology of Crypto with Morgan Housel

<p>Morgan Housel is a Partner at the Collaborative Fund, financial writer, and New York Times Best Selling author of, “The Psychology of Money.”</p> <p>He’s an avid student of markets and psychology. And Morgan articulately blends these two perspectives (and all of the many crypto parallels) together to give us timeless lessons on wealth, greed, happiness, and how to invest.</p> <p>This is another classic Bankless fundamentals episode that you won’t want to miss.</p> <p>------<br /> 📣 Swell | Liquid Staking for the People<br /> <a href= "https://bankless.cc/swelldiscord">https://bankless.cc/swelldiscord</a> </p> <p>------<br /> 🚀 SUBSCRIBE TO NEWSLETTER: <a href= "https://newsletter.banklesshq.com/">https://newsletter.banklesshq.com/</a> <br /> 🎙️ SUBSCRIBE TO PODCAST: <a href= "http://podcast.banklesshq.com/">http://podcast.banklesshq.com/</a> </p> <p>------<br /> BANKLESS SPONSOR TOOLS:</p> <p>🌱 LENS | WEB3 SOCIAL PROTOCOL<br /> <a href= "https://bankless.cc/Lens">https://bankless.cc/Lens</a> </p> <p>🚀 ROCKET POOL | ETH STAKING<br /> <a href= "https://bankless.cc/RocketPool">https://bankless.cc/RocketPool</a> </p> <p>⚖️ ARBITRUM | SCALING ETHEREUM<br /> <a href= "https://bankless.cc/Arbitrum">https://bankless.cc/Arbitrum</a> </p> <p>🦁 BRAVE | THE BROWSER NATIVE WALLET<br /> <a href= "https://bankless.cc/Brave">https://bankless.cc/Brave</a> </p> <p>🌉 JUNO | BRIDGE FIAT TO LAYER 2<br /> <a href= "https://bankless.cc/Juno">https://bankless.cc/Juno</a> </p> <p>⚡️ ZKSYNC | THE LAYER 2 SCALING ENDGAME<br /> <a href= "https://bankless.cc/zkSync">https://bankless.cc/zkSync</a> </p> <p>-----<br /> Topics Covered</p> <p>0:00 Intro<br /> 4:49 Morgan’s Background<br /> 6:25 Crypto Investing Isn’t Unique<br /> 8:31 Psychology of Investing<br /> 15:22 Toxic Relationship with Money<br /> 22:14 Is it Bad to Talk About Money?<br /> 24:34 Nothing is Free in Crypto<br /> 34:05 How to Adapt to Volatility<br /> 39:45 No One is Crazy<br /> 45:52 Luck vs. Risk<br /> 51:38 Have Enough<br /> 55:25 Freedom<br /> 1:00:34 Compounding<br