Book Review: The Psychology of Money by Morgan Housel

The Psychology of Money: Timeless lessons on wealth, greed, and happiness:  Housel, Morgan: 9780857197689: Amazon.com: Books

The Psychology of Money:  Timeless Lessons on Wealth, Greed, and Happiness

5 star review! The author did a fabulous job explaining the psychology behind how people arrive at making their own money decisions. I enjoyed reading a recently released book that focused on facts but did not over do the facts and references. Wonderful balance. Highly recommend everyone, regardless of your current life and your future financial goals, to check out this book.

Personally, this book was helpful for me to read since I have been noticing my investments gaining and losing rather than my goal for my investments to continue to gain. 

Timeless lessons on wealth, greed, and happiness 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. How to manage money, invest it, and make business decisions are typically considered to involve a lot of mathematical calculations, where data and formulae 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 unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In the psychology of money, the author 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 matters.

Goodreads Summary

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