The Psychology of Money is the latest investment and wealth building book. Morgan Housel writes this book to tell his readers that building wealth through investments is all about how you think and approach money spending and investment as it is about understanding investment options. If you like to read about how to maximize the return that you r hard earned money can give you, I know you have read, or at least, skimmed though many such books. However, this new volume focuses on your investment habits highlights that compounding is the mantra that will drive how much money you amass.
The Psychology of Money Summary
In this new book about investing and maximizing the potential of your money, the author hares 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.
The authors says that the topic of 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.
The Psychology of Money – Timeless lessons on wealth, greed, and happiness
Morgan Housel is a partner at The Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal.
Author: Morgan Housel
Paperback : 256 pages
Publisher : Harriman House (September 8, 2020)
ISBN : 0857197681, 978-0857197689
Book Reviews
Here are some of the advanced reviews for the book.
“To write engagingly about investment is almost impossibly hard, but Morgan Housel makes it look effortless. Not a word idles and the pacing is terrific. This correspondent managed to dispatch its 240 pages in a handful of hours, and would be happy to read it all over again.” ~ Tim Price, Bullionvault.com
“… it’s one of the best and most original finance books in years.” ~ Wall Street Journal.
“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, Author, Thinking in Bets