Money―investing, personal finance, and business decisio decisio 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 shares 19 short stories exploring the strange ways people think about Money and teaches you how to make a better sense of one of life’s most important topics.
Praise for The Psychology of Money
"It's one of the best and most original finance books in years."
"Morgan Housel is that rare writer who can translate complex concepts into a 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."
"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."
"Housel's observations often hit the daily double: they say things that haven't been said before, and they make sense."