The Psychology of Money
Books | Business & Economics / Personal Finance / General
4.2
(4.2K)
Morgan Housel
Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.
Psychology
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Author
Morgan Housel
Pages
256
Publisher
Harriman House Limited
Published Date
2020-09-08
ISBN
085719769X 9780857197696
Community ReviewsSee all
"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!"
K
Ka
"This book is fantastic. Pay close attention to page 194. Really fast and solid read. "
D H
Daniel Hall
"Amazing book!"
R D
Ryan Dinham
"I am big fan of Morgan and his writing. This book is a crisp compilation of all his writings and podcast interviews. It is definitely great stuff for anyone interested in money and personal finance. More than the tactics of where to invest or asset allocation strategy, this book will question you to think deep about money. <br/><br/>It made me think about these questions: What is my relationship with money? What do I want from money? When to listen and when not to listen to the experts on money?<br/><br/>So why not five stars? Well, if you are a fan of Morgan’s writing, you already know this from his blogs and podcasts. So it’s nothing new. It’s more of 4.5 stars."
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