The Psychology of Money
Timeless lessons on wealth, greed, and happiness
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4.5 • 16 Ratings
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- $12.99
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- $12.99
Publisher Description
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.
Praise for the book:
'It's one of the best and most original finance books in years.' - Jason Zweig, The Wall Street Journal
'The Psychology of Money is bursting with interesting ideas and practical takeaways. Quite simply, it is essential reading for anyone interested in being better with money. Everyone should own a copy.' - James Clear, Author, million-copy bestseller, Atomic Habits
'Few people write about finance with the graceful clarity of Morgan Housel. The Psychology of Money is an essential read for anyone who wants to make wiser decisions or live a richer life.' - Daniel H. Pink, #1 New York Times Bestselling Author of When, To Sell Is Human, and Drive
'Morgan Housel is that rare writer who can translate complex concepts into gripping, easy-to-digest narrative. The Psychology of Money is a fast-paced, engaging read that will leave you with both the knowledge to understand why we make bad financial decisions and the tools to make better ones.' - Annie Duke, Author, Thinking in Bets
'Housel's observations often hit the daily double: they say things that haven't been said before, and they make sense.' - Howard Marks, Director and Co-Chairman, Oaktree Capital & Author, The Most Important Thing and Mastering the Market Cycle
'Morgan Housel is one of the brightest new lights among financial writers. He is accessible to everyone wanting to learn more about the psychology of money. I highly recommend this book.' - James P. O'Shaughnessy, Author, What Works on Wall Street
APPLE BOOKS REVIEW
In a book market often dominated by one-size-fits-all financial advice, award-winning business writer Morgan Housel lobbies here for understanding the role that individual mindsets play in people’s spending, saving and other fiscal actions. So rather than crunching numbers, The Psychology of Money probes into the more subtle behavioural cues that actually factor into investing. Housel uses a series of themed lessons to instruct readers on how to handle money in their own lives. These lessons also contain illuminating anecdotes from Housel’s personal experience, with examples of how some rich people might not be well equipped to hang onto their money, and other seemingly counterintuitive wisdom. The author has since gone on to pen Same as Ever and The Art of Spending Money, but his first book remains an ideal place to start for anyone wanting to gain more control over their finances.
