The Psychology of Money

TIMELESS LESSONS ON WEALTH, GREED, AND HAPPINESS 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. How to manage money, invest it, and make business decisions are typically considered to involve a lot of mathematical calculations, where data and formulae 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 unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, the author 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 matters. MORGAN HOUSEL is a partner at The Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for distinguished Business and Financial Journalism. “Everyone should own a copy.” —JAMES CLEAR New York Times Bestselling Author of Atomic Habits “Few people write about finance with the graceful clarity of Morgan Housel.” —DANIEL H. PINK #1 New York Times Bestselling Author of When, To Sell is Human, and Drive “Housel’s observations often hit the daily double: they say things that haven’t been said before, and they make sense.” —HOWARD MARKS Co-founder and Co-chairman, Oaktree Capital Management “That rare writer who can translate complex concepts into gripping, easy-to-digest narrative.” —ANNIE DUKE Author, Thinking in Bets