In "The Psychology of Money," Morgan Housel unravels the complex relationship between our emotions and financial decisions. Through captivating anecdotes and profound insights, he reveals that wealth isn't just about numbers, but about behavior and mindset. The book challenges conventional wisdom, urging readers to understand the subtle psychological forces that influence our spending and saving habits. Housel's reflections highlight the power of patience, humility, and a long-term perspective in building true financial success. Prepare to rethink everything you thought you knew about money and its role in your life!
By Morgan Housel
Published: 2020
"Money is a tool that can amplify who you already are."
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.
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“Money is a tool that can amplify who you already are.”
The Psychology of Money
By Morgan Housel
Discover a world of knowledge through our extensive collection of book summaries.
Morgan Housel is an acclaimed author and financial analyst known for his insightful writing on investing and behavioral finance. He is the co-founder of The Collaborative Fund and has previously worked as a columnist for The Motley Fool and Washington Post. Housel's bestselling book, "The Psychology of Money," explores the complex relationship between money and human behavior, earning widespread recognition for its thought-provoking insights. He is a passionate speaker and educator, sharing his expertise on the emotional and psychological aspects of finance. Through his work, Housel aims to inspire readers to think differently about wealth and financial decision-making.
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