The Psychology of Money — Why Smart People Stay Poor

Full audio podcast episode exploring Morgan Housel’s The Psychology of Money — a powerful guide to how behavior, emotion, and decision-making shape financial success. Most finance books treat money like a math problem. Morgan Housel argues the opposite: financial success is mostly about behavior, not intelligence. In this full audio podcast episode, we explore the key ideas behind The Psychology of Money and why ordinary people with ordinary incomes can outperform experts simply by controlling their emotions and understanding risk, time, and human nature. 00:00 Introduction – The Greatest Show on Earth 01:30 Why No One Is Crazy 03:45 Luck & Risk: The Bill Gates Story 06:10 Never Enough: When Wealth Turns Dangerous 08:20 Compounding: Warren Buffett’s Secret 10:50 Survival: Getting Rich vs Staying Rich 13:15 Freedom: The Highest Dividend Money Pays 15:40 The Man in the Car Paradox 18:00 Wealth Is What You Don’t See #psychologyofmoney #morganhousel #personalfinance #investing