Morgan Housel

It gets you from point A to point B versus a tank that's rolling down your driveway and might kill someone.

I mean, is there a chance that this is all massively overestimated? I mean, I think of Morgan Housel that Jaeger talks about in Same As Ever, his book.

But the ironic thing is that the most staggering change is that nothing really changes as much as we think it does.

You know, they might just all be overblown.

I just want to point out, Tariff Liberation Day, Deep Seek Day, Situation Awareness Day, the longest it took to bottom was three days, and then it was a V-shaped symmetrical recovery.

Okay, we get the point, right? Morgan Housel wrote today was the worst market decline since the last one you don't remember or care about anymore.

That's true.

I can't remember what happened on June 9th.

I mean, I'll reference like one author that has helped me understand this, like the curiosity in a sense.

Morgan Housel, he writes mostly about finances and he's got two books.

Okay.

Recently, one is called The Psychology of Money.

It's a good thing, I promise.

I recently read The Art of Spending Money by Morgan Housel.

I enjoyed one of his previous books, The Psychology of Money, but since I'm a finance nerd, I didn't find any of those ideas groundbreaking.

However, I did find the art of spending money very interesting and insightful because it dove into a lot of tangentially related topics that I've been contemplating most of my life.

you mentioned the word agency, Dan, earlier.

And I think that fits in to what you're saying here, because I read it was the Morgan Housel book on...

the psychology of money.

Yes, yes.

You know, when I, when I first saw it, like it was Harriman House because it, it was like, it was nuts because I grew up reading the books they publish, and they have a lot of bestsellers.

Morgan Housel is one of them.

I think it sold over, um, eight million copies.

So, um, my...

When, when the editor reached out to me, it was exactly the same guy who edited Morgan Housel work, you know, so like I, I almost went nuts.

Like, um...

And then when, when he was talking to me, right, I asked him like, "So will you be the one editing my book?" Then he said, "No.

You know, investment advice, financial planning advice.

So he decided to write a blog that kind of walked through how he builds his portfolio, venture investments in friends' companies, a variety of things.

And it got great feedback.

It was very well done.

I texted him.

I said, this was great.

And, hey, what do you think about getting a bunch of our friends together to write similar short, you know, blogs or chapters? And we could put it together online.

as as a volume and he loved the idea I called I called our friend Craig Pierce at Harriman House and said Craig what do you think well I'll say from me texting Josh to us having a book contract was about 72 hours Harriman House was very into it.