Money Delusions: What Do People Get Wrong About Money?
David Nadig, “Rabbithole”
March 7, 2025

I had fun chatting with Dave Nadig about philosophy, behavior, and investing (video after the jump). His new podcast is called “Rabbithole” because Dave does not do broad and shallow; rather, he picks a narrow topic and goes deep down the rabbithole for 30 minutes — which is only a few questions. Here is the full-length Q&A discussion. Enjoy. 

Question: “Barry, your book How Not to Invest dissects numerous financial misconceptions. But let’s set aside markets and investing strategies entirely. What’s the most fundamental thing people get wrong about money itself—about the actual dollars we earn and hold?”

Answer: It is that Money is a tool – it is a means to an end; it’s NOT an end goal itself. And since I mentioned NOT, let me give you three more things Money is NOT:

-It is

Keep reading this article on Barry Ritholtz - The Big Picture.