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 Black Enterprise:
The last book that inspired his money mindset is The Psychology of Money by Morgan Housel. It remains his top recommendation for anyone on a financial journey. Housel’s collection of short stories details how psychology influences people’s money habits.
From Times Now News:
Sahil Bloom, a writer, investor, and entrepreneur, is known for his insightful takes on personal growth, decision-making, and financial wisdom. He frequently shares book recommendations that have shaped his perspective, offering valuable lessons on wealth, psychology, success, and resilience. These 10 books, personally recommended by Sahil Bloom, cover finance, human behaviour, history, and life philosophy,… Read more »
From NBC Philadelphia:
Finally, Robinson says “The Psychology of Money” is more generally applicable to most people. The collection of short stories explores how and why people make financial decisions, and how psychology can work for or against them. Robinson says it’s helpful to learn about how other people manage their money, whether it’s through books or talking… Read more »
From Her Zindagi:
This book focuses on financial independence and how to achieve freedom from money stress. It teaches how to track expenses, save wisely, and rethink the relationship between money and happiness. The book provides practical steps to take control of your finances and live a fulfilling life.
From India Times:
From smart financial decisions to learning how to invest, this book talks about it all.
From Sri Lanka Guardian:
In sum, The Psychology of Money is a masterclass in understanding the deeply human side of finance. It is an essential read for anyone not just seeking wealth, but a healthier relationship with money.
From MSN:
The Psychology of Money by Morgan Housel – This book explores how our emotions and biases affect the way we handle money and make investment decisions.
From Money Unplugged with Chris Hill:
The author of “The Psychology Of Money” (more than 7 million copies sold worldwide) shares: – What money was like growing up – How an interest payment of three cents inspired him – His brief career as a stock picker – A sneak preview of his next book – The financial movie that had a… Read more »
From Toronto Star:
Bobby Ning, managing director of the Financial Literacy Counsel, suggests reading “The Psychology of Money” by Morgan Housel to explore some of the pillars and principles of money management. He adds that there are a lot of financial influencers who provide tactics and strategies on social media.
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.