Morgan Housel (@morganhousel), partner at Collaborative Fund, and author of the book The Psychology of Money, joins Erik on this episode to discuss:- Why it’s not realistic to be rational and an investor should aim to be merely reasonable instead.- What people don’t understand about compounding.- The difference between getting wealthy and staying wealthy.- Bets on what is going to change vs. what is not going to change.- Why people overestimate the benefit that money brings to them.- The value of owning your time.- What we can learn from the partnership of Buffett and Munger.- His advice on resisting the allure of pessimism.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal.Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary on the latest happenings in Silicon Valley. www.villageglobal.vc/signup