Morgan Housel Quotes

Who is Morgan Housel?

Morgan Housel is a financial author known for the books 'The Psychology of Money' and '50 Years in the Making'.

Books by Morgan Housel


Best 104 Quotes by Morgan Housel | Page 1 of 4

“Admit when you are wrong.”

Morgan Housel

“Assume the worst, hope for the best, accept reality.”

Morgan Housel

“Be careful when reading about how stupid investors can be and not realize you're reading about yourself.”

Morgan Housel

“Big risks will always be disregarded; small risks always blown out of proportion.”

Morgan Housel

“Change your mind as often as the facts change.”

Morgan Housel

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

Morgan Housel

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

Morgan Housel

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“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

“Emotional intelligence is more important than book intelligence.”

Morgan Housel

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

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

“Ignore people who refuse to change their minds when the facts change.”

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

“Independence is the best financial goal.

Control your schedule, don't have to play anyone else's games.”

Morgan Housel

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

Morgan Housel

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

Morgan Housel

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“Reasons that are tied to your purpose, identity, and values will sufficiently motivate you to act, even in the face of all of the daily obstacles that life puts in your way.”

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

Morgan Housel

“Learn more from your bad investments than your good ones.”

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

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

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

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

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

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

Morgan Housel

“Read more books and fewer articles.”

Morgan Housel

“Read more history and fewer forecasts.”

Morgan Housel

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

Morgan Housel

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

Morgan Housel

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“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

“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

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“If you can't find any companies that you think are attractive, put your money in the bank until you discover some.”

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