Morgan Housel

3 weeks ago | collabfund.com | Morgan Housel

Thirty-seven thousand Americans died in car accidents in 1955, six times today’s rate adjusted for miles driven. Ford began offering seat belts in every model that year. It was a $27 upgrade, equivalent to about $190 today. Research showed they reduced traffic fatalities by nearly 70%. But only 2% of customers opted for the upgrade. Ninety-eight percent of buyers preferred to remain at the mercy of inertia. Things eventually changed, but it took decades.

1 month ago | collabfund.com | Morgan Housel

Below is a transcript from a recent podcast I did on the tariff news. My business that I use for my books and my speaking and whatnot is called Long Term Words, LLC. Now, the name of that is not very important. Nobody sees it unless I’m doing a talk with you or something. But let me tell you the origin behind that name, why I picked that name, because it’s relevant to today’s episode.

1 month ago | postanly.substack.com | Morgan Housel |Thomas Oppong

Postanly Weekly is a reader-supported smarter living newsletter. To support my work, you can upgrade to a paid subscription for $7 per month or $40 for a year. With a modest contribution, you’re not only helping keep Postanly Weekly going, you also get free instant access access to Thinking Toolbox (mental models for life) and Mental Wealth Toolbox (practical concepts for smarter decisions). NEW: The little book of Japanese concepts for a good life.

1 month ago | collabfund.com | Morgan Housel

I heard a phrase recently: “Magazine architect.”It’s a derisive term architects use for their colleagues who design buildings that look beautiful, grace magazine covers, and win awards, but lack functionality for the tenants. Intricate roofs look amazing – and are notorious nightmares for leaking. Oddly shaped buildings win awards – and offer little flexibility to remodel interior layouts. Fancy materials glisten—but good luck finding someone skilled enough to maintain or replace them.

2 months ago | fool.com | Morgan Housel |Andy Cross |David Meier

Get our 5-step checklist:Foreword: Paying the Cost of AdmissionThe stock market is the greatest wealth-generating machine history has ever known. Every dollar invested in the S&P 500 at the start of 1925 is today worth $1,285 -- and that's adjusted for inflation. The fact that this money machine is available to ordinary people would have seemed preposterous to someone even two generations ago. In 1929, 5% of Americans owned stocks. Today, more than 60% do.