Who’s in control? You. No one else. In the latest podcast episode, Matt Hall reminds listeners that they are 100% in charge of what they focus on. Also, hear Matt’s all-time favorite personal finance story told by Morgan Housel, past podcast guest, and best-selling author. Listen to the episode on Apple or below.
To get a copy of Morgan’s book, email Matt (firstname.lastname@example.org)
Author, legendary professor, researcher, and consultant in behavioral finance, Meir Statman joins Matt Hall in the latest podcast episode to discuss his work and how taking the long view has paid off. We think you’ll love listening to Meir talk. For example, here is one of our favorite exchanges:
Matt Hall (11:34): How would you describe the differences between how people view and communicate about money in Israel versus in the United States?
Meir Statman (11:45): That is actually a very interesting question. One aspect of it has to do with the notion that I describe as giving with a warm hand, rather than with a cold one. Now of course, cultures in the U.S. vary greatly, and I don’t want to overgeneralize. But I think that there are many American parents who have the sense that if they give money to their kids, for example, when they complete college and they want to get married and they want to buy a house, that giving them money is going to spoil them, is going to kill any ambition in them. And that I find not just stupid, but heartless and really counterproductive. What parents can do of course is help people find their ambition, find their vocation, but you are not going to do that by depriving them of resources that they need when they’re in their 20’s and beginning.
There’s more good stuff beyond this clip. Take a listen to one of the O.G’s of the behavioral finance world.
Listen below or click here.
Matt’s daughter told him that this episode’s guest is someone who can change the world.
Caroline Gaynor, a highly successful business person, and endurance athlete, demonstrates that satisfaction is often found when acting in the service of others. Take a moment to imagine training to complete a full Ironman triathlon (2.4-mile swim, 112-mile bike, and 26.2-mile run). Now imagine doing that same event, nearly 30 times, guiding someone every step of the way – specifically someone who cannot see the path ahead. Listen to this amazing conversation with Matt and Caroline now.