The Psychology of Money

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by Morgan Housel

It's not always about what you know when it comes to money. It's all about how you act. Even for the most intelligent people, behavior is difficult to teach. Money is often taught as a math-based field, where statistics and formulae tell us exactly what to do in terms of investing, personal finance, and company decisions. People don't make financial decisions on spreadsheets in the real world. Personal history, your own unique view of the world, ego, pride, marketing, and unusual incentives all mixed together around the dinner table or in a conference room. Morgan Housel, an award-winning author, provides 19 short stories in The Psychology of Money that explore the unique ways individuals think about money and show you how to make sense of one of life's most crucial topics.

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— Morgan Housel, The Psychology of Money