The Psychology of Money - Morgan Housel

The Psychology of Money

By Morgan Housel

  • Release Date: 2020-09-08
  • Genre: Personal Finance
Score: 4.5
4.5
From 340 Ratings

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.

Reviews

  • Good Read on Financial Mindset

    4
    By anthonyswainnn
    Good philosophy on money. Definitely can provoke some deep thinking on your money mindset
  • Get a hold of yourself.

    5
    By Erkasasali
    That is one of the biggest advices I can get from this book. It’s an introspective exercise of seeing what do you want in life and how should you act to achieve those goals with one of the biggest instruments you have, you’re savings.
  • Human nature in the lens of money

    5
    By Bronze Bond
    This is one of the better books I’ve read the last few years. It’s mainly the idea of understanding the foolish ways we think that interrupt our chances of saving money. It’s really a great book. Each chapter is too the point and impactful. I recommend it to everyone
  • Psychology of Money!

    5
    By cheryl553
    This is reality folks! Stan Yarbro.
  • The Psychology of money

    5
    By danger479
    Great viewpoint on money, investments and the American psyche
  • Time is the real treasure!

    4
    By coRego
    Well explained the U.S. history and reasons of debt/credit in the USA
  • Sanity In 200 Pages

    4
    By calchemical
    Speaking of narratives we want to be true so we tell ourselves a story to make it true - a point of psychology this book makes - reading this book, especially bc of it's title, helps me feel I earned an extra credential as a person managing his own money. For me, it didn’t yield goosebump ah-ha insights that changed my paradigm of how I feel about money, but it did reveal key issues to make me feel wiser. Am I wiser? Doesn’t matter as long as I feel it. Nice job Morgan. I recommend it. Especially for young investors.
  • Slap me and call me Mary

    5
    By Chicago Personal Trainer
    Great read with digestible data points and anecdotes. Memorable quotes and insightful synthesis of the past 100 years in macroeconomics.
  • Good book

    5
    By HKM_BTC
    This is a nice book full of knowledge about financial education.
  • Good historical information but not fascinating

    2
    By zoom out zoom in
    I don’t really recommend.