The Psychology of Money
Successful money management isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to very smart people.
Money—investing, personal finance, and business decisions—is usually taught as a mathematical field, where data and formulas tell us exactly what to do. But in the real world, people don’t make financial decisions based on spreadsheets. They make them at the dinner table or in the conference room, where personal history, your own unique worldview, ego, pride, marketing, and strange incentives are all mixed together.
In The Psychology of Money, award-winning author Morgan Housel shares 19 stories that explore the strange ways people think about money, and teaches you how to better understand one of life’s most important topics.
