We all are shaped by the world around us. We base our dreams, goals and everyday decisions on past events, which explains why millennials have vastly different views about their future and finances than someone who lived through World War II or Vietnam.

“We see the world through a different lens based off of our own unique circumstances and experiences in life,” says Morgan Housel, Collaborative Fund partner and author of “The Psychology of Money.”

Morgan, a behavioral finance expert, explains why the past is so persuasive in informing our decisions about money and investing on this episode of The Business of Advice with Cody Foster.

If you would like to buy Morgan’s book, “The Psychology of Money,” click HERE.

Morgan Housel’s Twitter account:
https://twitter.com/morganhousel

A copy of Benjamin Roth’s Depression-era diary can be purchased HERE.

Collaborative Fund:

https://www.collaborativefund.com/