Are Personal Finance Gurus Giving You Bad Advice? (Update) Image

Are Personal Finance Gurus Giving You Bad Advice? (Update)

2 January - 1 hour
Podcast Series Freakonomics Radio

One Yale economist certainly thinks so. But even if he’s right, are economists any better? We find out, in this update of a 2022 episode.

 

SOURCES:James Choi, professor of finance at the Yale School of Management.Morgan Housel, personal finance author and partner at the Collaborative Fund. 

RESOURCES:The Art of Spending Money: Simple Choices for a Richer Life, by Morgan Housel (2025).“Popular Personal Financial Advice versus the Professors,” by James J. Choi (Journal of Economic Perspectives, 2022).“Media Persuasion and Consumption: Evidence from the Dave Ramsey Show,” by Felix Chopra (SSRN, 2021).The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness, by Morgan Housel...

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