54 pages 1 hour read

Morgan Housel

The Psychology of Money

Nonfiction | Book | Adult | Published in 2020

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Before You Read

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Super Short Summary

The Psychology of Money by Morgan Housel examines how people's financial decisions are influenced by their personal experiences, beliefs, and biases, using historical anecdotes to highlight the roles of ego, risk, patience, and effort in financial success. Housel emphasizes the importance of long-term investing, saving, and maintaining a margin of safety while cautioning against egotism and risky spending.

Reviews & Readership

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Review Roundup

The Psychology of Money by Morgan Housel is praised for its accessible writing and practical insights into financial behavior, combining psychological theory with real-life anecdotes. Critics note it is particularly helpful for personal finance beginners. However, some argue the repetitive themes and lack of depth may not satisfy seasoned investors.

Who should read this

Who Should Read The Psychology of Money?

A reader who appreciates The Psychology of Money by Morgan Housel would enjoy insightful narratives on personal finance, behavioral economics, and money management. Ideal for fans of Your Money or Your Life by Joe Dominguez and Vicki Robin or Thinking, Fast and Slow by Daniel Kahneman.

Recommended

Reading Age

18+years

Book Details

Topics

Finance / Money / Wealth

Business / Economics

Psychology

Themes

Emotions/Behavior: Determination / Perseverance

Society: Class

Society: Economics

Genre

Psychology

Self Help