The Psychology of Money
The Psychology of Money
Morgan Housel
Anthony Pompliano
Want to read a great book? Go grab [this one]. - Anthony Pompliano
Howard Marks
[The author]’s observations often hit the daily double: they say things that haven’t been said before, and they make sense. - Howard Marks
Michael Mauboussin
A wonderful and wise book. - Michael Mauboussin
Daniel Pink
Few people write about finance with the graceful clarity of [this author]. - Daniel Pink
Brad Feld
Wonderful book. - Brad Feld
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The Psychology of Money

The Psychology of Money

Morgan Housel
Morgan Housel
By
Morgan Housel
4.3
13886
ratings on Goodreads

In "The Psychology of Money," Morgan Housel masterfully unravels the complex tapestry of how we understand, interact with, and are ultimately governed by our financial decisions. Through a captivating collection of 19 short stories, Housel navigates beyond the cold numbers and rigid formulas that traditionally define our conversations about money, guiding readers to a richer understanding that financial success is not solely dictated by what we know, but profoundly influenced by how we behave. This illuminating journey into the heart of personal finance illuminates the unseen forces—pride, ego, marketing, and the deeply personal histories that shape our financial decisions, revealing why smart people often stumble in the world of money. With an elegant blend of psychology and economics, Housel offers a refreshing perspective that challenges conventional wisdom, showing that the path to financial wisdom is less about accumulating technical knowledge and more about fostering a deeper understanding of our own behaviors and motivations. "The Psychology of Money" is not just a book about managing finances; it's a transformative exploration of how we can make better decisions in a world where our financial landscape is as much shaped by our emotions and beliefs as it is by interest rates and markets. Through insightful analysis and compelling narratives, Housel empowers readers to look beyond the numbers and to see the profound impact of their money stories on their lives.

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Released
2020
1 Jan
Length
252
Pages

7

recommendations

recommendation

- Blake Randall
Wonderful book. - Brad Feld
Possibly the only money book one needs to read! - Ankur Warikoo
[The author]’s observations often hit the daily double: they say things that haven’t been said before, and they make sense. - Howard Marks
Want to read a great book? Go grab [this one]. - Anthony Pompliano
A wonderful and wise book. - Michael Mauboussin
Few people write about finance with the graceful clarity of [this author]. - Daniel Pink
Some people are born into families that encourage education; others are against it. Some are born into flourishing economies encouraging of entrepreneurship; others are born into war and destitution. I want you to be successful, and I want you to earn it. But realize that not all success is due to hard work, and not all poverty is due to laziness. Keep this in mind when judging people, including yourself.
— Morgan Housel, The Psychology of Money

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