The Psychology of Money - Morgan Housel

The Psychology of Money

By Morgan Housel

  • Release Date: 2020-09-08
  • Genre: Personal Finance
4.5 Score: 4.5 (From 1,276 Ratings)


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.


  • Concise excellence

    By Farmijo
    A financial journey in learning what motivates people to make decisions. This should be read by everyone trying to understand or learn from themselves.
  • Awesome Read

    By Fab48162
    The material in this book is honest and transparent. Recommend strongly to anyone about to venture into adulthood or in the middle of it

    By MalyMal22
    Very informative!!
  • Excellent and practical insights

    By Jare_4b
    The control of your time and whatever makes you sleep at night! Go for it!
  • Great Read

    By pedro tollar
    Interesting and very useful perspectives on Money.
  • Misleading Title

    By Jarrett777
    This book has too many anecdotal side stories that have nothing to do with money (many are about doctors/medicine-which is understandable because his father was a doctor). But when you set out to write a book about something, it should be entirely focused on the subject. Also, he throws in a bunch of pieces of articles written by others about American history. It’s pretty much useless content. I found myself skimming over a lot of it. However, he does have some interesting stories and good advice about investing.
  • Extremely good

    By isyL678
    You have to read this book no excuse
  • Good Book 3.5/5

    By Savhgdghffyncv
    While it’s a small book it still felt maybe 30 or 40 pages longer than needed but overall a really nice read.
  • Good beginning and great end

    By Pinkiemomma
    Most of the book was slow going but worth the read.
  • Eye Opener

    By Riku_Dragon
    This book is a great addition to your kit for financial independence. At the bare minimum, it provides an opportunity for you to see the current mentality of American society.