The Psychology of Money
Morgan Housel, 2020
A short, story-driven look at why smart people make strange money decisions—and how luck, fear, patience and ego shape what we do with what we have.
Housel spent years writing about finance for The Motley Fool and Collaborative Fund; the book began as a 2018 blog post of the same name that spread far beyond finance readers.
Feels like curiosity, power and humor.
The expensive thing is rarely the thing you're actually buying.
Be nicer and less flashy. No one is impressed with your possessions as much as you are. You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration. And you’re more likely to gain those things through kindness and humility than horsepower and chrome. Morgan Housel, 2020
A short, story-driven look at why smart people make strange money decisions—and how luck, fear, patience and ego shape what we do with what we have.
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