137 - The Psychology of Crypto with Morgan Housel

Morgan Housel is a Partner at the Collaborative Fund, financial writer, and New York Times Best Selling author of, “The Psychology of Money.” 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. This is another classic Bankless fundamentals episode that you won’t want to miss. ------ 📣 Swell | Liquid Staking for the People https://bankless.cc/swelldiscord  ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS: 🌱 LENS | WEB3 SOCIAL PROTOCOL https://bankless.cc/Lens  🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  🌉 JUNO | BRIDGE FIAT TO LAYER 2 https://bankless.cc/Juno  ⚡️ ZKSYNC | THE LAYER 2 SCALING ENDGAME https://bankless.cc/zkSync  ----- Topics Covered 0:00 Intro 4:49 Morgan’s Background 6:25 Crypto Investing Isn’t Unique 8:31 Psychology of Investing 15:22 Toxic Relationship with Money 22:14 Is it Bad to Talk About Money? 24:34 Nothing is Free in Crypto 34:05 How to Adapt to Volatility 39:45 No One is Crazy 45:52 Luck vs. Risk 51:38 Have Enough 55:25 Freedom 1:00:34 Compounding 1:04:24 Getting vs. Staying Wealthy 1:08:50 Reasonable vs. Rationale 1:13:28 People Change 1:15:33 Pessimism 1:19:33 Closing & Disclaimers ------ Resources: Morgan Housel on Twitter https://twitter.com/morganhousel  The Psychology of Money: Timeless lessons on wealth, greed, and happiness https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681/  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.