Show notes
In this episode, Molly O'Shea interviews Morgan Housel, a New York Times bestselling author and partner at The Collaborative Fund. They discuss the role of luck and risk in success, the complexities of genius visionaries like Elon Musk, Steve Jobs, Jensen Huang and more outliers, and the VC mindset.Follow us on Twitter* @MollySOShea* @morganhouselResources* Same as Ever: A Guide to What Never Changes* The Psychology of Money: Timeless lessons on wealth, greed, and happiness* Check out Collaborative Fund: https://collabfund.com/*Subscribe to Sourcery: https://www.sourcery.vc/ Companies MentionedNVIDIA: https://www.nvidia.com/en-us/ChatGPT: https://chat.openai.com/Microsoft: https://www.microsoft.com/en-phFacebook: https://www.facebook.com/Tesla: https://www.tesla.com/FTX: https://ftx.com/WeWork: https://www.wework.com/Chipotle: https://www.chipotle.com/Timestamps(00:00) Preview(01:00) Intro(01:46) Morgan Housel's Trajectory to Bestselling Author(06:02) Luck, Virality, and the Unforeseeable Nature of Success(10:20) Serendipity and Achieving Outlier Success(13:24) Negative Connotations of Luck or Large Successes(17:40) Understanding the Complex Personalities of Outliers(25:46) Morgan's latest: 'The Same as Ever': A Guide to Navigating Change(29:55) The Slow but Significant Impact of Major Technologies(34:38) Hype and Reality of Startup Valuations(40:31) Challenges of Believing In A Company's Future(45:22) The Future of VC: Adapting to New Realities(48:05) Surviving and Thriving: Advice for Investors in Tough Times(50:10) A Light-hearted Finale: The Chipotle Chronicles(52:17) Wrap