
The Psychology of Money
- 272 pages · about 5 hours
- First published 2020
- 27 editions
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1 About this book
Timeless lessons on wealth, greed, and happiness 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.
How to manage money, invest it, and make business decisions are typically considered to involve a lot of mathematical calculations, where data and formulae 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 unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In the psychology of money, the author 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 matters.
- Consumption (Economics)
- Ethics
- Self-help
- Psychology
- Business & economics
- Money
- Quality of life
- Attitude change
2 What to expect
Short, story-led chapters on how people really behave with money: luck and risk, patience, and knowing when you have enough. Few numbers and no formulas, so it suits readers who never read about finance.
Good for readers who want: personal finance without jargon, behavioral psychology, and short chapters.
3 About Morgan Housel
4 Similar books
- The Art of Frugal Hedonism by Annie Raser-Rowland
- The Science of Getting Rich or Financial Success Through Creative Thought by Wallace D. Wattles
- 12 Rules for Life by Jordan B. Peterson
- The 48 Laws of Power by Robert Greene
- Outliers by Malcolm Gladwell
- Antifragile by Nassim Nicholas Taleb
- Nudge by Richard H. Thaler
- Predictably Irrational by Dan Ariely
