The Psychology of Money
Timeless lessons on wealth, greed, and happiness
by Morgan Housel
About this book
The original book from Morgan Housel, the New York Times and Sunday Times bestselling author of Same As Ever and The Art of Spending Money.
As featured on the Dr Chatterjee podcast Feel Better, Live More and The Diary of a CEO podcast with Steven Bartlett.
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.
3 things you’ll take away
- How behavior shapes money choices more than raw knowledge.
- Why real money decisions are shaped by emotion, ego, and personal history.
- Ways to think more clearly about investing, finance, and business choices.
The first page
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.
“Doing well with money isn't necessarily about what you know.”
“It's about how you behave.”
Details
- Author
- Morgan Housel
- Genre
- Business & Money
- Formats
- Paperback, Hardcover, eBook, Audiobook
- Published
- September 8, 2020
- Publisher
- Harriman House
- Pages
- 256
- Reading time
- About 5 hours
- ISBN
- 9780857197689
