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The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness

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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.

ISBN-13: 9780857197689

Media Type: Paperback

Publisher: Harriman House

Publication Date: 09-08-2020

Pages: 256

Product Dimensions: 5.50(w) x 8.40(h) x 1.00(d)

Age Range: 16 - 10 Years

Morgan Housel is a partner at The Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.

Table of Contents

Introduction: The Greatest Show On Earth 1

1 No One's Crazy 9

2 Luck & Risk 23

3 Never Enough 35

4 Confounding Compounding 45

5 Getting Wealthy vs. Staying Wealthy 55

6 Tails, You Win 69

7 Freedom 81

8 Man in the Car Paradox 91

9 Wealth is What You Don't See 95

10 Save Money 101

11 Reasonable > Rational 111

12 Surprise! 121

13 Room for Error 135

14 You'll Change 147

15 Nothing's Free 155

16 You & Me 165

17 The Seduction of Pessimism 175

18 When You'll Believe Anything 189

19 All Together Now 203

20 Confessions 211

Postscript: A Brief History of Why the U.S. Consumer Thinks the Way They Do 221

Endnotes 239

Acknowledgements 242