196 - 10 Timeless Lessons for Crypto Investors With Morgan Housel
Today we welcome back to Bankless, Morgan Housel. Morgan has written "The Psychology of Money", and most recently "Same As Ever" which discuss the dynamics and psychology around money and markets.
In this episode Morgan drops lesson after lesson that you can apply to your own investing strategies and life broadly. It's a masterclass that is sure to have you reflecting on the decisions you make as we enter what may possibly be the next bull market.
TIMESTAMPS
0:00 Intro
6:49 History Always Repeats
11:44 Can We Break The Cycle?
16:49 THE BEAR MARKET
21:20 Psychology Of Investing
26:45 The Value Of Hard Things
29:26 Attaching Identity To Ideas
36:52 Markets Have Memory
42:23 The Key To Being Happy
47:27 Competing Against Yourself
55:32 Our Relationship With Money
58:51 The Power Of Incentives
1:04:48 Don't Try Too Hard
1:11:19 Investing Strategies
1:15:09 The Value of Imperfection
1:20:43 Optimism and Pessimism
1:24:41 Crypto's Barbell Thesis
1:27:53 Good Things Happen Slow, Bad Things Happen Fast
1:33:27 Final Bit Of Advice