The Psychology of Money

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 better understand one of the most important topics in life. Doing well with money isn't necessarily about what you know. It's about how you behave. And behaviour is hard to teach, even to really smart people. Money – investing, personal finance and business decisions – is usually taught as a maths-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 unique view of the world, ego, pride, marketing and odd incentives are all mixed together.