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 crowdâŠ
Achieving financial success isnât primarily about intellectual knowledge. Itâs 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 donât make financial decisions in a vacuum. Their choices are shaped by personal history, individual perspectives, emotions, pride, marketing influences, and misaligned incentives â a complex mix of factors that canât be fully captured on a spreadsheet.
In âThe Psychology of Moneyâ, 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 lifeâs most crucial topics.
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