Morgan Housel quotes

Morgan Housel is a renowned financial writer and investor, known for his insightful and thought-provoking articles. With a background in journalism, Morgan has a unique ability to simplify complex financial concepts for readers. His work has been featured in top publications such as The Wall Street Journal and Bloomberg. As a speaker and author, Morgan has inspired countless individuals to take control of their finances and make better investment decisions. Follow Morgan Housel for expert insights on investing, personal finance, and more.

Luck and risk are both the reality that every outcome in life is guided by forces other than individual effort.

- Morgan Housel

Savings can be created by spending less. You can spend less if you desire less. And you will desire less if you care less about what others think of you.

- Morgan Housel

Your personal experiences with money make up maybe 0.00000001% of what’s happened in the world, but maybe 80% of how you think the world works.

- Morgan Housel

Good investing is not necessarily about making good decisions. It’s about consistently not screwing up.

- Morgan Housel

The intangible benefits of money can be far more valuable and capable of increasing your happiness than the tangible things that are obvious targets of our savings.

- Morgan Housel

Your devotion to a political party or economic philosophy is directly proportional to your tendency to think irrationally about how politics affects your investments.

- Morgan Housel

Start saving for college before your kid is born, and start saving for your retirement before you graduate college. You'll feel silly when you start and like a genius when you finish.

- Morgan Housel

Screwing up is easy and being a genius is hard so your financial situation can improve a lot by avoiding dumb stuff versus spending all your effort looking for upside.

- Morgan Housel

Save for your own retirement; assume Social Security and private pensions won't be around (even though they probably will).

- Morgan Housel

Respect the role luck has played on some of your role models.

- Morgan Housel

Read more history and fewer forecasts.

- Morgan Housel

Read more books and fewer articles.

- Morgan Housel

Read last year's market predictions and you'll never again take this year's predictions seriously.

- Morgan Housel

Reaching for yield to increase your income is often like sticking your hands in a fire to warm them up — good in theory, disastrous in practice.

- Morgan Housel

Predictions, opinions, and forecasts should be discounted by the number of times the person making them is on TV each week.

- Morgan Housel

Pessimism: everything will be bad. Complacency: everything will be great. Reasonable optimism: if you can endure enough bad it'll eventually get pretty great.

- Morgan Housel

Not taking advantage of an employer match on your 401(k) is no different than declining a raise.

- Morgan Housel

Most people's biggest expense is interest, which comes from living beyond your means, and buying things they think will impress others, which comes from insecurity. Avoid these two and you'll grow richer than most of your peers.

- Morgan Housel

Learn more from your bad investments than your good ones.

- Morgan Housel

Just as you should dress appropriately for your age, you should spend appropriately for your income, and not a penny more.

- Morgan Housel

Judge investors by the quality of their arguments, not the performance of their last trade.

- Morgan Housel

Investors were probably better informed 20 years ago when there was 90% less financial news.

- Morgan Housel

Independence is the best financial goal. Control your schedule, don't have to play anyone else's games.

- Morgan Housel

Imagine how much stuff you'd have to make up if you were forced to talk 24/7. Remember this when watching financial news on TV.

- Morgan Housel

Holding 60% of your assets in stocks and 40% in bonds isn't perfect for everyone; but I can think of a thousand worse strategies.

- Morgan Housel

Every five to seven years, people forget that recessions occur every five to seven years.

- Morgan Housel

Emotional intelligence is more important than book intelligence.

- Morgan Housel

During the last 100 years, there have been more 10% market pullbacks than Christmases. Everyone knows Christmas will come; think of volatility the same way.

- Morgan Housel

Don't attempt to keep up with the Joneses without realizing the Joneses aren't any happier than you are.

- Morgan Housel

Dollar-cost average for your entire life and you'll beat almost everyone who doesn't.

- Morgan Housel