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The Psychology of Money

Timeless Lessons on Wealth, Greed, and Happiness
Narrated by: Chris Hill
Length: 5 hrs and 48 mins
5 out of 5 stars (10 ratings)

Non-member price: $27.79

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Publisher's Summary

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.

Money - investing, personal finance, and business decisions - is typically taught as a math-based field, where data and formulas 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 own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.  

In The Psychology of Money, award-winning author Morgan Housel 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 topics.

©2020 Harriman House (P)2020 Harriman House

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Good Balanced Book

Enjoyed listening the psychology of money. plenty of tips to take away and reinforcement of value of time when investing and living within your means . loved it

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Best finance book I have ever read

A succinct explanation of the financial and investing world that I can relate to. Thank you. I am going to make my kids listen to this hopefully to learn what I wish I knew in my youth.

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Excellent

I listened to Morgan's interview on Bloomberg Masters in business and knew I had to give this a go.

Great lessons with historical context, not just another finance book with attempted retrospective explanations.

Useful advice and very thought provoking around areas of risk management and optimism. Short but no words wasted. Excellent.

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  • Richard L. Archuleta
  • 19-09-2020

Great book for investing and personal finance

Loved this book on personal finance, investing, historical finance and why what’s worked in the past industrial era no longer works in our modern digital era. History does not repeat but often times, low cost index funds will work with compounding, time to work, and a belief the global economy will continue to work in the future. Behavior is most emphasized, dollar cost average what you can afford and ignore day to day market volatility and financial pundits. Overall a great listen!!

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  • JustSome_Guy
  • 19-09-2020

Solid listen. Great concepts. A couple caveats

Overall, this was a great listen. Chris does a great job narrating. Caveat 1: the audio editing has a number of repeated lines and errors. Not a big deal, but definitely noticeable.
I most strongly recommend this book to "kids" in there early careers. It is a wonderful collection of lessons that will help them on a path to financial success and happiness.
Caveat 2: The end of the book gets slightly political. It's not enough to frustrate me personally, but possibly some may get annoyed. This section tries to teach lesson other that the present is different than the past, but adds in unnecessary political angle that only serves to weaken the point. It's an unfortunate way to end an otherwise great book that may leave a bad aftertaste for the listener.

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  • Amazon Customer
  • 19-09-2020

Excellent, concise insights

Excellent insights into human psychology, emotions, and evolution that affect how we perceive and behave with money. Great postscript on how the last 90 years or so have brought American culture to where it is today.

Narration was OK, could have been better recorded and edited for random breathing sounds and pauses.

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  • Nicholas
  • 18-09-2020

Timely and timeless

What an objective look at how we got to where we are and where we might be going.

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  • INNOVATIVE CONSTRUCTION
  • 17-09-2020

Awesome book

Great book. Takes a lot of great psychological theories and outs in one book. Love how he uses stories to make his points. Great narrator.

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  • Omar Bahamt
  • 17-09-2020

Great book poor record

The book is great. It’s so informative and insightful.
Highly recommended. The performance of Chris Hill is good however it sounds like it’s done in a very poor studio , you can hear his breathing and listening to some air or background sounds !

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  • GJ
  • 16-09-2020

Excellent

Concise and useful advice. Good read for long term investors to understand own investing behavior

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  • Ohmygatos
  • 16-09-2020

I’m a new fan!

Listened to you on the ‘The compound’ podcast and picked up this book shortly afterwards. Loved the book, Keep them coming!

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  • sjacobs
  • 16-09-2020

Great book!

I enjoyed this book a lot. It’s a reasonable take on personal finance and investing that I found myself agreeing with a lot. Even though it’s more abstract than prescriptive I found myself clarifying my own philosophy as I listened. I’ve already started recommending this to friends.

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  • Anonymous User
  • 15-09-2020

The only finance book you need to read

Housel puts togheter a book in perfect lenght and gives all you need to know on the important topics og money, investing and behavior.

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  • David Graham
  • 19-09-2020

Excellent book on mental game of finance

This book is excellent and gives very easy to follow lessons and stories on the various mental aspects of investing and personal finance. A must read for anyone interested in this topic. One of the best books on the topic I've read/listened to.

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  • Anonymous User
  • 17-09-2020

Excellent!

Great book. Thumbs up for the narrator! It was probably the best book narration I've ever heard.