The Art of Spending Money with Bestselling Author Morgan Housel

In this episode of Masters in Business, Barry Ritholtz interviews Morgan Housel, author of "The Psychology of Money" and "The Art of Spending Money," about his career, writing process, and philosophies on money, behavior, and contentment. Housel discusses his early career aspirations in finance, his transition to writing, and the importance of understanding the psychology of money. The conversation explores themes of wealth versus riches, the role of luck, the subjectivity of spending, and the pursuit of contentment over fleeting happiness, drawing on historical examples and personal anecdotes. They delve into how personal experiences shape financial perspectives and the significance of aligning spending with personal values rather than societal pressures.