The Psychology of Money by Morgan Housel

It’s not always about what you know when it comes to money. It’s all about how you act. And teaching behavior is difficult, even for highly intelligent individuals.

Money investment, personal finance, and business decisions are generally taught as math-based subjects, with statistics and formulae telling us exactly what to do. People do not make financial decisions on spreadsheets in the real world. They are created around the dinner table or in a conference room, when personal history, your own unique perspective on the world, ego, pride, marketing, and strange incentives are all mixed together.

Morgan Housel, award-winning author, provides 19 short tales in The Psychology of Money that explore the unique ways individuals think about money and show you how to make greater sense of one of life’s most crucial themes.

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