Welcome back to another episode of the Books Brothers Podcast! Listen as Thomas leads our discussion of chapters 17-18 from The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel.

• Chapter 17: “The Seduction of Pessimism” (0:51 - 18:43)

Do you become lured into pessimism more than you should? Why are we prone to be like this? (0:51 - 8:10)

How has the author’s reflections on optimism and historical growth of financial markets impacted how you view finances through an optimistic or pessimistic lens? (8:11 - 18:43)

• Chapter 18: “When You’ll Believe Anything” - (18:44 - 32:04)

Can any of you admit to wanting to believe something ludicrous about how the world works or your financial situation, but later come to a realization that you were kidding yourself? (18:44 - 28:49)

On the concept of “control”, what are examples of finances that you don’t fully understand but pretend to in order to have some semblance of peace? Conversely, are there financial matters you’ve come to terms with not having control over? (28:50 - 32:04)

Next week we’ll discuss chapters 19 - Postscript (pages 203 - 238).

You can buy the book on Amazon by clicking here.

You can also borrow it at your local library. Don’t have a library card, or unsure where your local library is? Search on Google Maps, or find your local library by clicking here.

Follow us on Instagram @booksbrotherspodcast

Connect with us at connect@booksbrotherspodcast.com

Please subscribe and give us a review! We would really appreciate it.

See you next week! Until then - read, reflect, and connect.