The Psychology of Money
Timeless lessons on wealth, greed, and happiness
Published on 2. March 2021
Book
Hardback
242 pages
978-0-85719-909-6 (ISBN)
Description
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.
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.
Reviews / Votes
Housel's observations often hit the daily double: they say things that haven't been said before, and they make sense. -- Howard Marks, Director and CoChairman, Oaktree Capital & Author, The Most Important Thing and Mastering the Market Cycle Morgan Housel is one of the brightest new lights among financial writers. He is accessible to everyone wanting to learn more about the psychology of money. I highly recommend this book. -- James P. O'Shaughnessy, Author, What Works on Wall Street The Psychology of Money is bursting with interesting ideas and practical takeaways. Quite simply, it is essential reading for anyone interested in being better with money. Everyone should own a copy. -- James Clear, Author, millioncopy bestseller Atomic Habits Few people write about finance with the graceful clarity of Morgan Housel. The Psychology of Money is an essential read for anyone who wants to make wiser decisions or live a richer life. -- Daniel H. Pink, #1 New York Times Bestselling Author of WHEN, TO SELL IS HUMAN, and DRIVE 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 Morgan Housel's new book clarifies - with razor sharp and accessible insight - that building wealth is a mindset problem, not an investment problem. This is the first book any investor should read; in conjunction with a good index fund, becoming wealthy lies within everyone's grasp. -- Tim Hale, Managing Director at Albion Strategic Consulting and author of Smarter Investing: Simpler Decisions for Better Results It's one of the best and most original finance books in years. -- Jason ZweigMore details
Language
English
Place of publication
Petersfield
United Kingdom
Target group
Interest Age: From 18 years
Illustrations
Illustrations, unspecified
Dimensions
Height: 225 mm
Width: 145 mm
Thickness: 31 mm
Weight
370 gr
ISBN-13
978-0-85719-909-6 (9780857199096)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
E-Book
09/2020
1st Edition
Harriman House
€15.49
Available for download
Person
Morgan Housel is a partner at The Collaborative Fund and a former columnist at The Motley Fool and the Wall Street Journal. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He is the bestselling author of The Psychology of Money, Same As Ever, and The Art of Spending Money. Housel lives in Seattle with his wife and two kids.