The Psychology of Money
Timeless lessons on wealth, greed, and happiness
By Morgan Housel
Jacket text
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.
Psychology of Money Trailer from Harriman House on Vimeo.About the author
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.
Reviews
It’s one of the best and most original finance books in years.
Morgan Housel’s new book clarifies – with razor sharp and accessible insight – that building wealth is a mindset problem, not an investment problem. This is the first book any investor should read; in conjunction with a good index fund, becoming wealthy lies within everyone’s grasp.
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.
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.
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.
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.
Housel’s observations often hit the daily double: they say things that haven’t been said before, and they make sense.
Media coverage
From ABC News:
The top 10 audiobooks on Audible – 9. The Psychology of Money by Morgan Housel, narrated by Chris Hill (Harriman House)
From AOL:
This book by Morgan Housel “might seem like heavy subject matter for a teen, but we must teach them the psychology of money because our spending decisions are so influenced not just by logic but our feelings,” said Stephen Boatman, CFP, CSLP, principal and financial planner with Flat Fee Financial.
From The Journal:
Ever wondered what books are flying off the shelves at the Lambton County Library? We’ve got the scoop on last month’s most checked-out titles, giving you a peek at what your neighbours are currently diving into.
From The Big Picture:
As much as our era seems to be unprecedented, Human nature is the same as it ever was. Our behavior around risk and reward has been very consistent over the millennia.
From Bundle:
Housel, on the other hand, “helps you understand how your emotions play out in things like the stock market, how you manage finances, and how you make financial decisions,” she said. “He does a really good job of explaining that money is not just this plain and simple thing; it’s complicated because there is a… Read more »
From Business Insider:
It forces you to look at money through a different lens and consider the human behavior element — something that she felt was missing in traditional financial advice: “Many finance gurus that are out there tell you, ‘This is very simple: Don’t spend and increase your revenues.’”
From Times of India:
Housel teaches people how to manage their money with a balanced mindset.
From The Pan Macmillan Blog :
From eye-opening autobiographies to political exposés, broaden your horizons with our edit of the best non-fiction books of all time. The Psychology of Money is listed as one of the best non-fiction, finance titles of all time.
From New Trader U:
Navigating the complexities of money and finance can be daunting, but specific lessons can fundamentally change your approach. One such transformative source is Morgan Housel’s “The Psychology of Money.”
Contents
Introduction: The Greatest Show On Earth
1. No One's Crazy
2. Luck & Risk
3. Never Enough
4. Confounding Compounding
5. Getting Wealthy vs. Staying Wealthy
6. Tails, You Win
7. Freedom
8. Man in the Car Paradox
9. Wealth is What You Don't See
10. Save Money
11. Reasonable > Rational
12. Surprise!
13. Room for Error
14. You'll Change
15. Nothing's Free
16. You & Me
17. The Seduction of Pessimism
18. When You'll Believe Anything
19. All Together Now
20. Confessions
Postscript: A Brief History of Why the U.S. Consumer Thinks the Way They Do
Endnotes
Acknowledgements
Rights
The following language rights for The Psychology of Money have been sold:
- Albanian
- Arabic
- Brazilian (Portuguese)
- Bulgarian
- Complex Chinese
- Croatian
- Czech
- Dutch
- Estonian
- French
- Georgian
- German
- Greek
- Gujarati
- Hindi
- Hungarian
- Indian English language reprint
- Indonesian
- Italian
- Japanese
- Kannada
- Korean
- Lithuanian
- Macedonian
- Malayalam
- Marathi
- Mongolian
- Nepali
- Polish
- Portuguese
- Romanian
- Russian
- Serbian
- Simplified Chinese
- Slovak
- Slovenian
- Spanish
- Swedish
- Tamil
- Telugu
- Thai
- Turkish
- Ukranian
- Vietnamese
Other language rights are currently available although many are already under discussion or offers have been made. If you would like to enquire about rights please contact Charlotte at rights@harriman-house.com
The TV & film rights have been optioned by Cavalry Media
| Published: | 08/09/2020 |
|---|---|
| Edition: | 1st |
| Pages: | 256 |
| Formats: | paperback - ISBN 9780857197689 ebook - ISBN 9780857197696 hardback - ISBN 9780857199096 audio - ISBN 0000000000036 |
If you’d like to get in touch with the author for interview or comment, or you’d like a review copy of this book, please contact us at pr@harriman-house.com or call +44 (0)1730 233870.
RightsFor information on available rights, please contact rights@harriman-house.com
Bulk purchasesWe offer discounts for bulk purchases. Please contact specialsales@harriman-house.com for a quote.