The Psychology of Being Rich: Masters in Business with Morgan Housel

In this Masters in Business podcast, Barry Ritholtz interviews author Morgan Housel, delving into Housel's career journey from aspiring investment banker to finance writer, his interest in behavioral finance, and his writing process, which involves connecting historical stories to timeless lessons on behavior and money. They discuss key concepts from Housel's books, including "The Psychology of Money" and "The Art of Spending Money," focusing on themes like the psychology of wealth, the importance of financial independence, and the distinction between being rich and wealthy. The conversation explores the subjective nature of spending, the pursuit of contentment over happiness, and the role of personal experiences in shaping one's view of the world.