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The Psychology of Money

Timeless lessons on wealth, greed, and happiness

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The Psychology of Money

By: Morgan Housel
Narrated by: Chris Hill
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About this listen

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.

Praise for the book:

'It's one of the best and most original finance books in years.' - Jason Zweig, The Wall Street Journal

'The Psychology of Money is bursting with interesting ideas and practical takeaways. Quite simply, it is essential reading for anyone interested in being better with money. Everyone should own a copy.' - James Clear, Author, million-copy bestseller, Atomic Habits

'Few people write about finance with the graceful clarity of Morgan Housel. The Psychology of Money is an essential read for anyone who wants to make wiser decisions or live a richer life.' - Daniel H. Pink, #1 New York Times Bestselling Author of When, To Sell Is Human, and Drive

'Morgan Housel is that rare writer who can translate complex concepts into gripping, easy-to-digest narrative. The Psychology of Money is a fast-paced, engaging read that will leave you with both the knowledge to understand why we make bad financial decisions and the tools to make better ones.' - Annie Duke, Author, Thinking in Bets

'Housel's observations often hit the daily double: they say things that haven't been said before, and they make sense.' - Howard Marks, Director and Co-Chairman, Oaktree Capital & Author, The Most Important Thing and Mastering the Market Cycle

'Morgan Housel is one of the brightest new lights among financial writers. He is accessible to everyone wanting to learn more about the psychology of money. I highly recommend this book.' - James P. O'Shaughnessy, Author, What Works on Wall Street

Investing & Trading Personal Finance Money Thought-Provoking Investing Wall Street Stock Capitalism
All stars
Most relevant
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.

Best finance book I have ever read

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An important reference book for anyone looking to grasp the concept of one behavior with money.
Having spent a lifetime myself studying my own behavior with money and that of the thousands I have worked with, this book is going to move the dial for many who are trying to make sense of the whole money and investing journey for an individual or household, even coming from someone who lives in Australia, a lot of these thoughts and principles are relevant.

Essential reading for the novice investor

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hopefullt this makes me rich... OPTIMISTIC EXPECTATION, THE TAIL event.. !! just need to believe ってばよ

money is hard

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If you don't understand the parameters of investing this is the book for you.

Best investors overview ever.

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Tons of insight and real world examples, definitely recommend to anyone whether or not they understand the basics of money and finance or not

Great listen

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