20 Oct 2025
58m

[REPLAY] Morgan Housel – Same as Ever (EP.359)

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Capital Allocators – Inside the Institutional Investment Industry

In this episode of Capital Allocators, Ted Seides interviews Morgan Housel, author of "The Psychology of Money" and "Same As Ever," about his books, the role of storytelling in finance, managing expectations, and the concept of compounding. Housel shares insights on risk management, behavioral incentives, and the importance of humility in investing, drawing from historical examples and personal experiences. He also discusses his role on the board of Markel and previews his upcoming book on the art of spending money, emphasizing the need to use money as a tool for a better life beyond mere accumulation.

Outlines

Part 1: Book Success and Timeless Behaviors

Part 2: Storytelling and Market Dynamics

Part 3: Expectations, Growth, and Endurance

Part 4: Risk, Uncertainty, and Incentives

Part 5: Career, Mentors, and Writing

Part 6: Closing

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