Book · 2023
Same as Ever
by Morgan Housel
Morgan Housel's follow-up to The Psychology of Money finds the patterns in human behavior that don't change — and asks what to do with that.
What does Reddit think of Same as Ever?
Same as Ever has 2 total mentions in the tracked Reddit data, both from r/Bogleheads, split across 2024 and 2025. That's a small sample — sentiment isn't scored — but the quotes that exist are warm rather than analytical. One Bogleheads commenter (↑66) stacks it alongside Morgan Housel's audiobook catalogue as broadly recommendable. Another (↑28) cites it mid-thread as a framework for staying calm during a potential global trade war: the lesson being that some things don't change even when the headlines say they do. Neither quote pushes back on the book. There's no r/investing crowd arguing it's recycled Psychology of Money, no r/books thread debating the structure. What's there is positive, situational, and Boglehead-flavored — a community wired to buy and hold finding a book that tells them they're right to think in decades.
Community feedback & reader fit
Themes
- · behavioral constants across history
- · long-term thinking under uncertainty
- · human nature and financial decision-making
- · risk and the stories we tell ourselves
Common praise
- + The trade-war invocation (↑28) suggests readers actually pull the book off the shelf when markets panic.
- + Gets recommended alongside The Psychology of Money without apology — r/Bogleheads treats them as a set.
- + The audiobook holds up on re-listen, according to the ↑66 comment that bundles it with Housel's other work.
Common criticism
- − Two mentions across 7 years of tracking means Reddit mostly hasn't engaged with it.
- − No quote challenges its ideas — the absence of pushback reflects low volume, not settled consensus.
Who it's for
If you finished The Psychology of Money and wanted more of the same register — pithy, historically grounded, built for re-reading — this is the next step. The r/Bogleheads crowd has claimed it as theirs: passive investors who think in decades and want conceptual reinforcement during volatility. Someone coming from active-trading forums looking for tactical advice will not find it here.
Mentions over time
Top subreddits
Which Reddit comments matter for Same as Ever?
Top-upvoted quotes across the subreddits where this book is mentioned. Click through to read the full thread.
“Same as Ever is also a very good book. Diary of a Ceo interview with Morgan Housel on YouTube is also fairly good. I tend to like the audiobook versions and have listened to the Morgan Housel books a couple of times.
“Most market dips are a good thing. It's fair to ask if we are fundamentally redrawing how the world economy works right now, though. A global trade war could have far-reaching impacts that last a generation. That being said, I try to remember the lessons of "Same as Ever" by Morgan Housel - Thing…
Convinced? Pick up Same as Ever
What else does r/Bogleheads read?
Other books mentioned in the same sub, ranked. Shared-sub overlap with this title breaks ties.
The Simple Path to Wealth
JL Collins
A retired fund manager distills 40 years of index investing into one rule: buy VTSAX, ignore the noise, and wait.
The Little Book of Common Sense Investing
John C. Bogle
John Bogle's case for index funds in 200 pages: own the whole market, pay almost nothing, and wait — cited 262 times on Reddit and counting.
The Psychology of Money
Morgan Housel
Morgan Housel paid off a 3% mortgage early and calls it his best money decision ever — 209 Reddit mentions say the paradox is the whole point.
The Bogleheads' Guide to Investing
Taylor Larimore
The index-fund bible that turns 136 Reddit mentions into one repeatable answer: buy, hold, ignore the noise.
A Random Walk Down Wall Street
Burton G. Malkiel
Burton Malkiel's 50-year argument that you can't beat the market, backed by data, and Reddit's most-cited reason to stop stock-picking.
The Millionaire Next Door
Thomas J. Stanley
A 1996 study of 1,000 American millionaires found they drove used cars, lived in modest houses, and got rich by spending less than they earned.
Same as Ever — frequently asked
What does Reddit actually think of Same as Ever?+
The sample is small — 2 mentions, both from r/Bogleheads, no overall sentiment score. What exists is positive and situational: one commenter invokes it during a trade-war thread as a reason to stay calm, another recommends it alongside Housel's other audiobooks. No pushback, no debate. That's either a good sign or a sign Reddit hasn't really found it yet.
Is Same as Ever just The Psychology of Money again?+
The ↑66 Bogleheads quote recommends both books as a package rather than treating Same as Ever as redundant — which suggests it reads as complementary. Whether that's damning with faint praise depends on how you feel about Housel's first book.
Should I read Same as Ever if I'm already a Bogleheads-style investor?+
Probably yes. The only subreddit where it surfaces is r/Bogleheads, and the comments there treat it as confirmation of the worldview rather than a challenge to it. If you already index and ignore the noise, this book hands you more historical ammunition. It's reinforcement reading, not conversion reading.
Is Same as Ever worth the audiobook format?+
One r/Bogleheads commenter (↑66) says they've listened to the Morgan Housel audiobooks multiple times, stacking Same as Ever alongside his other work. That's the only direct audiobook mention in the data. Thin signal, but the one person who flags the format liked it enough to replay it.