From Nasdaq:

Morgan Housel, best-selling author, discussed setting up processes rather than resolutions for the new year with Motley Fool host Dylan Lewis. The biggest economic story of 2023, including the Fed’s interest rate hikes and their unexpected effects, was also discussed. Housel emphasized the importance of systems over goals and highlighted the pitfalls of traditional New Year’s resolutions, especially in financial matters. He spoke in depth about why many financial resolutions fail and how behavioral and identity components play a significant role. Housel also questioned the effectiveness of traditional budgets and their potential to set people up for failure.



Read more: Author Morgan Housel on Economic Forecasts, Resolutions, and Writing