Morgan Housel is a partner at Collaborative Fund, an early stage venture capital firm, and the best-selling author of The Psychology of Money and his new book, Same As Ever. He is also an award-winning columnist from his days of writing for The Motley Fool and The Wall Street Journal.
We discussed what you can and can’t learn from studying great investors, what surprised Morgan about moving from public to private markets, what venture capital firms need to do to stand out to founders, and what Morgan has changed his mind on over the years. It was a really fun conversation.
The episode is now available on Apple Podcasts, Spotify, Amazon, and YouTube Music.
Chapters
00:00 Introduction to Startup Investing
00:49 Morgan Housel: A Journey Through Investing
03:10 The Importance of Patience in Investing
06:03 Adapting Investment Strategies Over Time
08:53 The Role of Branding in Venture Capital
12:09 Understanding the Power Law in VC
14:58 Transitioning from Public to Private Markets
17:55 The Psychological Aspects of Financial Decisions
21:07 Market Cycles and Investment Opportunities
23:54 Changing Perspectives on Investment Strategies
27:14 The Impact of Parenthood on Financial Views
29:57 The Future of 'Psychology of Money' in Film
32:50 Book Recommendations for Aspiring Investors
Takeaways
Patience is a key component of successful investing.
Investment strategies must adapt over time to remain effective.
Branding is crucial for venture capital firms to attract deal flow.
The power law in venture capital means a few investments drive most returns.
Transitioning from public to private markets presents unique challenges.
Financial decisions are often more about personal intuition than rational analysis.
Market cycles are inevitable and can create both opportunities and risks.
There is no one-size-fits-all approach to investing; strategies must align with personal values.
Parenthood can significantly alter one's perspective on risk and financial goals.
Continuous learning about historical economic events is essential for investors.
The content here is for informational purposes only and should not be construed as investment, legal or tax advice. The opinions expressed by guests are their own and do not reflect the views of Seaplane Ventures. Our host, guests and clients may hold investments discussed in this podcast. Please invest responsibly.