Title: The Psychology of Money
Author: Morgan Housel
Paperback: 300 pages
Publisher: Harriman House
Publishing date: September 8, 2020
Average customer review: 4.14 out of 5 stars
Who is this book for?
Readers interested in learning the psychology behind life’s financial choices and how to better manage their money.
What’s inside this book?
- Engaging short stories exploring the strange ways people think about money and teaching readers how to better understand the logic behind personal money management
- Complex financial concepts broken into easy-to-understand narrative
Lessons you’ll learn from this book:
- Why managing money successfully isn’t about what you know; it’s about how you behave
- How to reframe your perspective for making better money decisions
- How an individual’s personal history, ego, pride and unique view of the world influences their financial reality
- Why financial knowledge does not guarantee better financial choices
- How to build and strengthen tools for improving the way you handle money
What people are saying about this book:
- “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
- “The Psychology of Money is an essential read for anyone who wants to make wiser decisions or live a richer life.”— Daniel H. Pink
- “Housel’s observations often hit the daily double: they say things that haven’t been said before, and they make sense.”— Howard Marks
Your Turn: What do you think about Housel’s theory ofmoney decisions being unrelated to knowledge? Share your opinion in the comments.