The Psychology of Money

Timeless lessons on wealth, greed, and happiness

by Morgan Housel

paperback, 256 pages

English language

Published Sept. 8, 2020 by Harriman House.

ISBN:: 978-0-85719-768-9

View on OpenLibrary

(17 reviews)

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.

2 editions

B 🌻 A B reviewed The Psychology of Money by Morgan Housel

Life changing

5 stars

I'm pretty sure this is one of the most important books I've ever read. The kind of book that should result in most of my other five star ratings loosing one of their stars, that kind of important. Perhaps I was finally at a place in my life where I was ready to accept the wisdom and teachings contained within the pages. Regardless, if you have a troubled relationship with money and you can handle for a few harsh realities about your preconceptions and inbuilt biases, this is the book for you.

I genuinely think reading this has fundamentally changed the way I look at money.

Santhosh Guru reviewed The Psychology of Money by Morgan Housel

Review of 'The Psychology of Money' on 'Goodreads'

4 stars

I am big fan of Morgan and his writing. This book is a crisp compilation of all his writings and podcast interviews. It is definitely great stuff for anyone interested in money and personal finance. More than the tactics of where to invest or asset allocation strategy, this book will question you to think deep about money.

It made me think about these questions: What is my relationship with money? What do I want from money? When to listen and when not to listen to the experts on money?

So why not five stars? Well, if you are a fan of Morgan’s writing, you already know this from his blogs and podcasts. So it’s nothing new. It’s more of 4.5 stars.