Morgan Housel on Behavioral Finance and the Psychology of Money
21 September 2020
Award-winning author Morgan Housel joins me on this episode of Trends with Benefits to talk about the importance of understanding one’s own psychology when it comes to investing and achieving independence.
Your Right Frame of Mind
Behavioral finance is a fascinating topic. It’s kind of the soft art of investing whereas much of what the people focus on is the science or the hard numbers. Morgan’s new book, The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness, is a collection of stories to help people understand different human behaviors that may impede one’s investment success.
To me, the stories help support one overriding goal and aspiration of many, independence. Many people save for retirement or to buy a house or take a once in a lifetime vacation. These goals are predicated on having some level of financial freedom and control. Everyone’s level of independence may be different, but we save and invest so that we have the security to live the way we want, on our own terms. What gets in the way of that? You do.
Trend or Fad
Listen for Morgan’s take on day trading, connected home fitness, inflation and the suburbs.
Important Disclosure
This is a marketing communication for professional investors only. Please refer to the UCITS prospectus and to the Key Investor Information Document (KIID) before making any final investment decisions.
This is a marketing communication for professional investors only. Please refer to the UCITS prospectus and to the Key Investor Information Document (KIID) before making any final investment decisions. This information originates from VanEck Securities UK Limited (FRN: 1002854), an Appointed Representative of Sturgeon Ventures LLP (FRN: 452811), who is authorised and regulated by the Financial Conduct Authority in the UK. The information is intended only to provide general and preliminary information to FCA regulated firms such as Independent Financial Advisors (IFAs) and Wealth Managers. Retail clients should not rely on any of the information provided and should seek assistance from an IFA for all investment guidance and advice. VanEck Securities UK Limited and its associated and affiliated companies (together “VanEck”) assume no liability with regards to any investment, divestment or retention decision taken by the investor on the basis of this information. The views and opinions expressed are those of the author(s) but not necessarily those of VanEck. Opinions are current as of the publication date and are subject to change with market conditions. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results. Information provided by third party sources is believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Brokerage or transaction fees may apply.
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