The Psychology of Money

Name: The Psychology of Money
Author: Morgan Housel

by Morgan Housel · 2020

🏷 Business & Finance 📅 2020 📄 256pp

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About This Book

Housel explores why smart people make terrible financial decisions—not because of bad math, but because of psychology. Financial success is less about intelligence than about behavior.

⏱ 5-Minute Summary Preview

The Psychology of Money makes one central claim: doing well with money has little to do with how smart you are, and a lot to do with how you behave. Behavior is hard to teach, even to very intelligent people.

Housel delivers this through 19 short stories. Some key insights: the power of compounding is less about returns and more about duration—Warren Buffett's wealth came from starting early and…

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