The Psychology of Money

255: The Psychology of Money by Morgan Housel

Bookworm, 14 August 2026. The book comes up at 5 min 21 sec in.

Both hosts discuss Morgan Housel's book chapter by chapter. They find it a surprisingly engaging and approachable read whose central argument is that money decisions are driven by psychology rather than logic. Key themes include compound interest (illustrated by a Warren Buffett statistic), financial freedom as the book's core thread, the distinction between rich and wealthy, and saving. Both hosts praise it as essential reading and award it five stars.

Listen to this episode ↗︎

The Quitting Expert: Michael Jordan Is WRONG About Quitting, Do This Before AI Comes! | Seth Godin

The Diary Of A CEO with Steven Bartlett, 10 August 2026. The book comes up at 47 min 32 sec in.

Steven Bartlett recounts that his brother, who works in investment banking, sent him The Psychology of Money along with other papers to explain sunk cost bias after Bartlett was reluctant to sell a failing stock he had bought at a higher price. Bartlett says understanding sunk cost bias changed him as an investor.

253: How to Try Again by Steve Kamb

Bookworm, 17 July 2026. The book comes up at 1 hr 27 min in.

Announced as a future Bookworm read, recommended by listener Paul. One host notes he owns but has not yet read it, mentions a James Clear blurb calling it 'bursting with ideas,' gives its subtitle as 'Timeless Lessons on Wealth, Greed, and Happiness,' and says it has sold around 10 million copies, making it the definitive Housel work.

Listen to this episode ↗︎