The Psychology of Money
In "The Psychology of Money," Morgan Housel unravels the complex relationship between our emotions and financial decisions. Through captivating anecdotes and profound insights, he reveals that wealth isn't just about numbers, but about behavior and mindset. The book challenges conventional wisdom, urging readers to understand the subtle psychological forces that influence our spending and saving habits. Housel's reflections highlight the power of patience, humility, and a long-term perspective in building true financial success. Prepare to rethink everything you thought you knew about money and its role in your life!
By Morgan Housel
Published: 2020
"Money is a tool that can amplify who you already are."
Start Listening
What Readers Say About This Book
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.
The Mike & Casey Show
Dive into captivating book discussions with our expert hosts
Key Points from The Psychology of Money
About the Author
Morgan Housel
Morgan Housel is an acclaimed author and financial analyst known for his insightful writing on investing and behavioral finance. He is the co-founder of The Collaborative Fund and has previously worked as a columnist for The Motley Fool and Washington Post. Housel's bestselling book, "The Psychology of Money," explores the complex relationship between money and human behavior, earning widespread recognition for its thought-provoking insights. He is a passionate speaker and educator, sharing his expertise on the emotional and psychological aspects of finance. Through his work, Housel aims to inspire readers to think differently about wealth and financial decision-making.
Book Details
Key information about the book.
- Authors
- Morgan Housel
- Published
- September 2020
- Publisher
- Harriman House Limited
- ISBN
- 085719769X
- Language
- English
- Pages
- 209
- Genres
- Mental HealthFinancePsychologyBehavioral Finance
Purchase Options
Buy on Amazon
Buy via BookShopSupport local bookstores: BookShop gives a portion of each sale to independent bookshops!
Similar books you might like →
Nudge
Richard H. Thaler, Cass R. Sunstein
I Will Teach You to Be Rich, Second Edition
Ramit Sethi
Black Edge
Sheelah Kolhatkar
Essentialism
Greg McKeown
The Science of Parenting
Margot Sunderland
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Ninth Edition)
Burton G. Malkiel
Family First
Phil McGraw, Phillip C. McGraw
Addiction by Design
Natasha Dow Schüll
The Little Big Things
Thomas J. Peters
The Psychology of Executive Coaching
Bruce Peltier
Tao of Charlie Munger
Charles T. Munger
The Psychopath Test
Jon Ronson
Swimming to Antarctica
Lynne Cox
Peak Performance
Brad Stulberg, Steve Magness
Cognitive Psychology
Michael W. Eysenck, Mark T. Keane
100 Things Every Designer Needs to Know about People
Susan Weinschenk
Dollars and Sense
Dr. Dan Ariely, Jeff Kreisler
Psychology of the Digital Age
John R. Suler
The Liars' Club
Mary Karr
Transcend
Scott Barry Kaufman
The Handbook of Evolutionary Psychology, Volume 1
David M. Buss
Irrational Exuberance
Robert J. Shiller
Just Keep Buying
Nick Maggiulli
Weapons of Math Destruction
Cathy O'Neil
The Most Important Thing
Howard Marks
100 Minds That Made the Market
Kenneth L. Fisher
Psychology and Religion: West and East
Carl Gustav Jung
A Short History of Financial Euphoria
John Kenneth Galbraith
Take your reading experience to the next level
Download our mobile app to enjoy your favorite books on the go. Get access to exclusive features, offline listening, and personalized recommendations.
Book Collections you might like →
David Bach's Book Recommendations
David Bach is a financial expert and bestselling author known for his Finish Rich book series, including The Automatic Millionaire. He has made a career out of teaching people how to build wealth through small, manageable financial habits like “paying yourself first” and automating savings. His approach to personal finance is accessible and focuses on helping everyday individuals achieve long-term financial security. David has appeared on numerous media platforms, advocating for financial literacy and encouraging people to take control of their financial futures.
View Collection
Barack Obama's Book Recommendations
Barack Obama is the 44th President of the United States, serving from 2009 to 2017. As the first African American president, Obama’s leadership marked a historic moment in American history. His administration focused on healthcare reform, economic recovery from the Great Recession, and environmental policies. He is best known for the Affordable Care Act, as well as his efforts to expand civil rights and restore diplomatic relations with Cuba. Since leaving office, Obama has continued to engage in public life through his foundation, focusing on leadership development, civic engagement, and global issues.
View Collection
Mark Manson's Book Recommendations
Mark Manson is a best-selling author and personal development expert known for his candid and no-nonsense approach to self-help. His most notable work, "The Subtle Art of Not Giving a F*ck," has sold millions of copies worldwide and has been translated into numerous languages, resonating with readers for its practical advice and irreverent tone. Manson followed up with another successful book, "Everything Is F*cked: A Book About Hope," which further cemented his reputation as a thought leader in modern existentialism. In addition to his books, he runs a popular blog that delves into topics ranging from happiness to personal growth. His work has not only transformed the self-help genre but also influenced a global audience seeking authentic and actionable guidance.
View Collection
Eric Weinstein's Book Recommendations
Eric Weinstein is an accomplished American mathematician, economist, and writer, known for his influential work in the fields of geometric unity and economic theory. As the Managing Director of Thiel Capital, he has significantly impacted the financial and technological sectors. Weinstein is also renowned for his thought-provoking discussions on the podcast "The Portal," where he explores complex scientific and social issues. He has written extensively on a variety of topics, contributing to both academic and popular literature. His unique perspectives and interdisciplinary approach have earned him recognition as a leading intellectual voice of his generation.
View Collection
Eric Jorgenson's Book Recommendations
Eric Jorgenson is an author, investor, and product strategist best known for his book The Almanack of Naval Ravikant, which distills the wisdom of the entrepreneur and angel investor Naval Ravikant. Jorgenson's work focuses on personal development, wealth creation, and life philosophy. His ability to synthesize complex ideas into actionable insights has made his writing widely popular among entrepreneurs and tech enthusiasts. Beyond writing, Jorgenson has worked in product strategy at Zaarly, a marketplace for home services, and is involved in early-stage startup investing. He frequently speaks on the intersection of business, technology, and philosophy, and his blog covers topics ranging from mental models to entrepreneurship. Jorgenson's approach emphasizes learning from others' experiences and applying timeless principles to modern challenges. He continues to inspire a generation of readers with his clear, thoughtful reflections on how to live a more successful and fulfilling life.
View Collection
Bill Ackman's Book Recommendations
Bill Ackman is an American hedge fund manager and founder of Pershing Square Capital Management, known for his activist investing style. Ackman has been involved in high-profile investment battles, including his campaigns against companies like Herbalife and his successful turnaround of companies like Canadian Pacific Railway. He is known for taking bold, contrarian positions and for his ability to influence corporate governance through shareholder activism. Ackman’s investing philosophy focuses on long-term value creation, and he has become one of the most recognized figures in the finance world.
View Collection
Ana Fabrega's Book Recommendations
Ana Lorena Fabrega is an innovative educator and author passionate about reimagining education. Known as “Ms. Fab,” she is the Chief Evangelist at Synthesis, an education startup inspired by the problem-solving and collaboration model used at SpaceX. She advocates for alternative learning methods, encouraging curiosity and creativity in students. Ana's work emphasizes the importance of engaging young learners in real-world challenges and critical thinking. She also shares insights on education reform through her popular newsletter, Fab Fridays.
View Collection
Andrew Wilkinson's Book Recommendations
Andrew Wilkinson is a distinguished author and entrepreneur, best known for his insightful business writings and contributions to the tech industry. He co-founded MetaLab, a prominent design agency that has shaped the user experience of major platforms like Slack and Coinbase. Wilkinson's entrepreneurial journey and his publications provide valuable perspectives on startup culture, innovation, and leadership. His writing, often featured in leading business magazines and his personal blog, has garnered a wide readership for its practical advice and engaging storytelling. Andrew continues to influence both literature and the business world with his unique blend of creativity and strategic thinking.
View Collection
Ryan Hoover's Book Recommendations
Ryan Hoover is the founder of Product Hunt, a popular platform where users discover and share new tech products, apps, and tools. Hoover started Product Hunt as a side project, which quickly grew into a thriving community for tech enthusiasts and entrepreneurs. The platform has helped launch countless startups and has become an essential resource for finding innovative products. In addition to Product Hunt, Hoover is an investor and writer, often sharing insights on startup culture and product development. His work has made him a key figure in the tech and startup ecosystems.
View Collection
Alexis Ohanian's Book Recommendations
Alexis Ohanian is an American entrepreneur, investor, and co-founder of Reddit, one of the world’s most popular social news and discussion platforms. Ohanian is also a prominent advocate for open internet and net neutrality, and he has invested in numerous startups through his venture capital firm, Initialized Capital. In addition to his work in tech, Ohanian is involved in philanthropy, supporting causes related to women’s rights, education, and social justice. He is married to tennis star Serena Williams, and together they advocate for gender equality and inclusive leadership. Ohanian’s influence in the tech world and his commitment to social impact have made him a respected figure in both business and activism.
View Collection
David Heinemeier Hansson's Book Recommendations
David Heinemeier Hansson, also known as DHH, is a Danish programmer, entrepreneur, and author, best known as the creator of Ruby on Rails, a popular web application framework. Heinemeier Hansson is also a partner at Basecamp, a project management and collaboration software company he co-founded. His contributions to software development have earned him widespread recognition, with Ruby on Rails being used by thousands of developers and companies worldwide. Heinemeier Hansson is also a vocal advocate for remote work, simplicity in business, and sustainable work practices, ideas he explores in his bestselling books Rework and It Doesn’t Have to Be Crazy at Work. In addition to his work in tech, he is an accomplished race car driver, having competed in the 24 Hours of Le Mans. Heinemeier Hansson’s approach to work-life balance and entrepreneurship has made him a thought leader in the tech community, where he continues to challenge traditional business practices and advocate for more human-centered approaches to work
View Collection
Ray Dalio's Book Recommendations
Ray Dalio is the founder of Bridgewater Associates, one of the largest and most successful hedge funds in the world. He is also the author of the bestselling book Principles, where he outlines his philosophy on life, leadership, and investing. Ray is renowned for his unique approach to transparency, radical truth, and thoughtful disagreement within organizations. His insights into economics and investing have made him one of the most influential figures in the financial world. Dalio continues to be a thought leader in business, economics, and philanthropy.
View Collection
Alex Lieberman's Book Recommendations
Alex Lieberman is the co-founder and executive chairman of Morning Brew, a media company that delivers engaging business news. Under his leadership, Morning Brew has grown to reach millions of subscribers, becoming a significant player in modern business journalism. Lieberman is also known for his insightful commentary on entrepreneurship and media trends. His work has significantly influenced the way business news is consumed by younger audiences. Beyond Morning Brew, Lieberman frequently writes and speaks about the intersection of media and technology, further cementing his role as a thought leader in the industry.
View Collection
Chamath Palihapitiya's Book Recommendations
Chamath Palihapitiya is a prominent venture capitalist, entrepreneur, and the founder of Social Capital, a firm that aims to advance humanity by solving complex societal problems. Although primarily known for his investments in companies like Slack and Box, Palihapitiya is also a vocal advocate for technology's role in societal improvement. He has contributed thought-provoking essays and articles on economic inequality, healthcare, and education reform, influencing public discourse and policy. His visionary ideas are often shared through platforms like Medium and various keynote speeches. Palihapitiya's multifaceted career underscores his commitment to leveraging technology for social good.
View Collection
Julian Shapiro's Book Recommendations
Julian Shapiro is a renowned writer and entrepreneur, acclaimed for his insightful essays on personal growth and marketing strategies. He is the author of "The Julian Shapiro Collection," a compilation of his most impactful writings that have garnered a wide readership online. Shapiro co-founded the growth marketing agency Bell Curve, where he has helped numerous startups achieve exponential growth. His work often blends practical advice with deep philosophical inquiries, making complex subjects accessible to a broad audience. Through his prolific writing and entrepreneurial ventures, Julian has become a key figure in the intersection of business and self-improvement literature.
View Collection
Bill Gates's Book Recommendations
Bill Gates, co-founder of Microsoft Corporation, is a pioneering figure in the tech industry, having played a key role in the personal computer revolution. His work at Microsoft, particularly the development of Windows, transformed software and computing globally. Beyond his technology contributions, Gates is also a prolific author, with notable works such as "The Road Ahead" and "Business @ the Speed of Thought," which offer insights into the future of technology and business. Additionally, his philanthropic efforts through the Bill & Melinda Gates Foundation have had a profound impact on global health, education, and poverty. Gates continues to influence both technology and literature with his forward-thinking perspectives and innovative ideas.
View Collection
Ali Abdaal's Book Recommendations
Ali Abdaal is a renowned productivity expert, author, and YouTuber known for his engaging content on personal development and effective study techniques. A former doctor, Abdaal transitioned from his medical career to focus on sharing insights through his popular YouTube channel, which has amassed millions of subscribers. He is the author of "YouTube for Doctors," where he explores the intersection of medicine and digital content creation. Abdaal's work is celebrated for its practical advice, blending scientific research with personal anecdotes to help individuals optimize their lives. His contributions have significantly influenced the productivity and self-improvement community, making him a respected voice in the field.
View Collection
Brian Armstrong's Book Recommendations
Brian Armstrong is a renowned entrepreneur and author best known for co-founding and leading Coinbase, a major cryptocurrency exchange. His literary contributions include insightful writings on the future of digital currencies and blockchain technology. Armstrong's work has been pivotal in demystifying complex financial systems for a broader audience. Beyond his business acumen, his thought leadership in publications and public speaking engagements has cemented his status as a key voice in the fintech revolution. His dedication to innovation continues to influence the trajectory of global financial systems.
View Collection“Money is a tool that can amplify who you already are.”
The Psychology of Money
By Morgan Housel
Frequently Asked Questions
Explore Our Catalogue
Discover a world of knowledge through our extensive collection of book summaries.