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.
Most people believe that intelligence and education are necessary for financial success. However, Morgan Housel, a finance specialist, offers a different perspective in his book The Psychology of Money: Understanding human behavior is the key to financial success. Housel contends that you will make wiser financial judgments if you are aware of how your feelings and beliefs affect your choices.