The Psychology of Money

Written by Morgan Housel

Why doing well with money depends more on behavior than on knowledge.

4.3 Goodreads · 372,566 ratings

256 pages

$30.00Save 7%

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Bookroo's summary

Morgan Housel argues that success with money has less to do with what you know than with how you behave. In 19 short chapters, he explores how personal history, ego, pride and odd incentives shape the money choices people make, and draws lessons for making better decisions about saving, investing and wealth.

From the publisher

Over 10 million copies sold around the world. The original book from Morgan Housel, the New York Times bestselling author of The Art of Spending Money. 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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