The Psychology of Money

"If you like investing. This is one of the best books I have read in a while on the topic. "

"This is the most important book you could read about money today. It’s a topic I’ve heavily researched and I’ve read all the classics. Read this one. Money isn’t about what you know, it’s how you behave. "

"Always been a fan of Morgan on twitter and this book was no disappointment. Great financial wisdom that gets at the heart of the issue when it comes to understanding money ~ we are humans and what we know does not always coincide with how we behave.<br/><br/>Investing has long been held on a pedestal, that only those from elite universities with multiple degrees can understand and succeed at. This theory has prevailed despite the fact that countless statistics show just how pitiful fund performance has been (85% active trailing SP500 returns). Morgan covers key concepts such as fat tails, time & compounding, and luck & risk to explain how things actually work and how to best position yourself to benefit from them.<br/><br/>"History does not repeat itself, man does"<br/>"Money chases returns to the greatest extent it can"<br/>"Fat tails drive everything""

"A great book to really see money from multiple angels!"

"At first I was not into this book. I was seeking out ways to change your mindset on all things money. However, as I kept reading it got interesting. I find it hopeless that the book focuses on luck in getting rich but explains it well. The book has 19 psychological ways to uproot and change the way you think of money. There are a few points that are basic but the story and explanations behind them make the reader think about it differently. Pretty quick read but will alter what you think!"

"Almost a philosophy of life... But for sure a well thought out view on personal finance. Well worth a read... If not essential reading"

"This book is fantastic. Pay close attention to page 194. Really fast and solid read. "

"Hmm tough to say but I’d have to go with Asylum by Madeleine Roux. One of the first books I’ve ever read and just loved it. "

"The author has a style of giving almost every view on life. They'll show a situation with a poor person turning rich and will show an opposite situation. Then giving their view and how they've seen situations like those turn out."

"Amazing book!"