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 500 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

  • Worth reading if you appreciate finance and money

    4
    By $Jay Bird$
    Solid book, easy to read. A less academic approach to behavioral economics. If I were a squirrel collecting nuts, this book would help other squirrels learn why that behavior will be beneficial. Just read it!
  • Yay

    5
    By Marcevily
    Great
  • Title fits what he talks about.

    3
    By q the review
    This book was very good and informative, but for me there were too many stories and I understand that you’re trying to make us see a point of view that we may not have had before that story, but I would still like to be able to take away more key pointers, something in this book that I feel was not there. This book is definitely overhyped.
  • Excellent Book

    5
    By Bamancal
    As a person who is about to retire in his 50’s, I kept thinking about how I would have had this book in my 20’s. I would have been able to retire 10 years ago.
  • Simply wonderful!

    5
    By IlliniGuy84
    What a fantastic read! The postscript is reason enough to want to buy and read this book. I have yet to find a more perfect synopsis of America’s economic history and the resultant actions of us as American consumers, in a concise yet thorough examination. This book also bucks the trend of the proverbial, “Everyone should do this with their money” ideal. It brings up excellent points to consider but that ultimately, those money decisions need to make sense for you and your family. Highly recommended!
  • Great read!

    5
    By Parkgate 504
    If you want a book that that really opens your eyes to why you spend money, then this book if for you.
  • Insightful and valuable

    5
    By SoCalDuck
    This is a must-read not just for investors, but anyone that wants to understand the unique psychology and relationship we have with money. Highly recommended.
  • Brilliant read

    5
    By baggio66
    Fantastic. Can’t recommend it highly enough.
  • Great Book!

    5
    By Zo_the_CPA
    This books is an excellent read! Strikes the right balance between financial jargon and everyday application for all walks of life.
  • Good Read on Financial Mindset

    4
    By anthonyswainnn
    Good philosophy on money. Definitely can provoke some deep thinking on your money mindset