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. 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.
Morgan Housel is a partner at The Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal.He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.
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*
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*
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*
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