The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel

The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel

An exceptional and innovative book on finance that stands out from the crowd…

Achieving financial success isn’t primarily about intellectual knowledge. It’s more about how you actually behave with money. And changing behavior is challenging, even for intelligent individuals.

The conventional approach treats finance as a mathematical discipline, relying on data and formulas to prescribe the optimal course of action. However, in reality, people don’t make financial decisions in a vacuum. Their choices are shaped by personal history, individual perspectives, emotions, pride, marketing influences, and misaligned incentives – a complex mix of factors that can’t be fully captured on a spreadsheet.

In “The Psychology of Money”, acclaimed author Morgan Housel presents 19 insightful vignettes exploring the peculiar ways people think about and relate to money. This illuminating work aims to help readers develop a better understanding of one of life’s most crucial topics.

More books, here.