What Other Industries Teach Us About Investing

A great presentation by Morgan Housel teaches us the simple value of the long view.

Morgan Housel sketch

I wanted to share a great presentation made by a fellow named Morgan Housel.

Morgan Housel is one of the best financial journalists out there and a provider of clarity in the business press. He is a former columnist at The Motley Fool and The Wall Street Journal and is currently a partner at The Collaborative Fund.

The sentence that hits home the message of Housel’s presentation is:

“The more educated you are, the more likely you are to discount the simple techniques even though we know the simple techniques are going to make the biggest difference over time.”

To learn which simple techniques Housel is talking about, put aside 49 minutes of your time (or set the video to 2x speed), sit back, and absorb:

Let’s finish off with the [secret] recipe for investing success.

  1. Spend less than you make.
  2. Save the difference.
  3. Buy a portfolio of great companies.
  4. Be patient.

Oliver Sung
Research Analyst

Leave a Comment

Your email address will not be published. Required fields are marked *

Suggested Notes

Hindsight bias of the coronavirus crisis

Looking Back at 2020 (in Hindsight)

Imagine it’s the year 2025. We’re over the pandemic, we have learned the end result, and we know all the events that have yet to play out.
Junto tree illustration

First Note Taken: Welcome to Junto

Investing intelligently is quite simple. But that does not mean it's easy - at all. We start by adhering to sound principles and philosophy.
Investing during market panic illustration

Intelligent Investing During Market Panic

In times of stock market panic and sell-offs, it’s tough to maintain temperament. But here's why it's important.
Junto tree illustration

We find and invest in public companies using core value investing principles, deep understanding, patience, and concentration.

Make better investing decisions.

Subscribe to the latest deeply reported research about companies, readings, and other lessons you won't find elsewhere.

Something went wrong. Please check your entries and try again.

Get Lasting Investing Knowledge You Won't Find Elsewhere

Subscribe to our latest deeply reported research about companies, readings, and many other lessons.

We will never share or spam your email address.