SearchLibrary
More ▼
BookshelvesRedeem code
bookmate game
7 days for free
en
Read in our apps:
iOS
·
Android
Morgan Housel

The Psychology of Money

Notify me when the book’s added
Impression
Add to shelf
Already read
Report an error in the book
To read this book, upload an EPUB or FB2 file to Bookmate. How do I upload a book?
Search on Google
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.

Money—investing, personal finance, and business 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.

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 make better sense of one of life’s most important topics.
This book is currently unavailable
227 printed pages
Original publication
2020
Publication year
2020

Related booksAll

Have you already read it? How did you like it?
👍👎

Impressions

  • Nicolas Salvador Sanchoshared an impression10 months ago
    👍Worth reading

      • Like
      • Comment
      • Report this
    • Jessshared an impression2 years ago
      💡Learnt A Lot

        • Like
        • Comment
        • Report this
      • Puspita Dewi Fortunashared an impression2 years ago
        👍Worth reading

          • Like
          • Comment
          • Report this

        Quotes

        • Kelvin Tjiawihas quoted3 years ago
          Your personal experiences with money make up maybe 0.00000001% of what’s happened in the world, but maybe 80% of how you think the world works. So equally smart people can disagree about how and why recessions happen, how you should invest your money, what you should prioritize, how much risk you should take, and so on.
          • 3 likes
          • 2 comments
          • Like
          • Comment
          • Report this
        • Riad Ghellabhas quoted3 years ago
          We need to believe we live in a predictable, controllable world, so we turn to authoritative-sounding people who promise to satisfy that need.”

          Satisfying that need is a great way to put it. Wanting to believe we are in control is an emotional itch that needs to be scratched, rather than an analytical problem to be calculated and solved. The illusion of control is more persuasive than the reality of uncertainty. So we cling to stories about outcomes being in our control.
          • 1 like
          • Like
          • Comment
          • Report this
        • Soliloquios Literarioshas quoted3 years ago
          1. The more you want something to be true, the more likely you are to believe a story that overestimates the odds of it being true
          • 1 like
          • Like
          • Comment
          • Report this

        On the bookshelves

        Don’t give a book. Give a library.Give a Bookmate subscription →
        fb2epub
        Drag & drop your files (not more than 5 at once)