The Strategist
The long view, patient, analytical, playing several moves ahead.
Morgan Housel reads as The Strategist because his work is a sustained exercise in cutting through financial noise to isolate the few principles that drive long-term outcomes. The Psychology of Money succeeded by stripping complexity away, showing that behaviour, patience, and clear-headedness outperform technical expertise.
“Of it. Most people who work in finance are good, honest, noble people. Not all of them, but most of them are. But to the extent that there is bad advice that gets perpetuated, I really just think it comes down to the incentives that are in the industry.”
“First, I'd say they're the happiest that I've ever seen them now in the last couple years. They bought a piece of land on the coast of Northern California and they are just like small-time farmers. They're vegetarians. They've been vegetarians for 45 years and they grow like two-thirds of the food that they eat.”
“Jason's book Your Money in your Brain, which came out in probably 2005, 2006, and it was one of the first behavioral finance books out there. Behavioral finance is pretty popular and ubiquitous today. But back then, not that long ago, it wasn't. And his book was kind of a bold look at like, hey, money is not spreadsheets.”
“And I think in finance for the last 20 or 30 years, that person has been James Simons, like the only person in the field who can say, if you ask them the question, what is your competitive advantage? They can say, I'm just smarter than everyone else. Only one person can say that, and it's James Simons.”
The Diary of a CEO: “Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!”
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE