
The Psychology of Money
Timeless lessons on wealth, greed, and happiness.
About This Book
The Psychology of Money explores the strange ways people think about money and teaches you how to make better sense of one of life's most important matters.
In the book, 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.
Housel shows that 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.
The book delves into topics like why we make irrational financial decisions, how our personal experiences with money shape our behavior more than we realize, and why luck and risk play a bigger role in our financial lives than we might think.
Through entertaining stories and practical insights, Housel helps readers understand that financial success is more about behavior than knowledge, and that managing money effectively is more about psychology than finance.
Table of Contents
- Introduction: The Greatest Show On Earth
- Chapter 1: No One's Crazy
- Chapter 2: Luck & Risk
- Chapter 3: Never Enough
- Chapter 4: Confounding Compounding
- Chapter 5: Getting Wealthy vs. Staying Wealthy
- Chapter 6: Tails, You Win
- Chapter 7: Freedom
- Chapter 8: Man in the Car Paradox
- Chapter 9: Wealth is What You Don't See
- Chapter 10: Save Money
- Chapter 11: Reasonable > Rational
- Chapter 12: Surprise!
- Chapter 13: Room for Error
- Chapter 14: You'll Change
- Chapter 15: Nothing's Free
- Chapter 16: You & Me
- Chapter 17: The Seduction of Pessimism
- Chapter 18: When You'll Believe Anything
- Chapter 19: All Together Now
- Chapter 20: Confessions
- Postscript: A Brief History of Why the U.S. Consumer Thinks the Way They Do
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