The Psychology of Money by Morgan Housel
"Doing well with money isn’t necessarily about what you know. It’s about how you behave."
In the world of finance, we are often taught that success is a matter of mathematical formulas, charts, and data. But in this refreshing and deeply insightful book, Morgan Housel shares 19 short stories that explore the strange ways people think about wealth, greed, and happiness. He argues that financial success is a "soft skill" where your behavior is far more important than your technical knowledge.
Housel moves away from complex jargon to focus on the human element—why we take risks, why we hold onto losing investments, and why "enough" is the hardest number to reach. By understanding the psychological traps of ego, envy, and the lure of quick riches, you can learn to make better decisions for your long-term security. It is a masterclass in the most important aspect of money: the relationship you have with it.
Read this essential guide to understand the hidden biases that drive your financial life and learn how to build lasting wealth.
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