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 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.
From New Trader U:
Morgan Housel’s “The Psychology of Money” takes an innovative approach to personal finance by exploring the strange ways people think about money through 19 short stories. Housel delves into how personal experiences, worldviews, and emotions influence financial decisions. The book emphasizes that successful money management is more about behavior than knowledge.
From The Motley Fool:
In this podcast, Motley Fool co-founder David Gardner is joined by superstar guests Randi Zuckerberg and Morgan Housel as they each share three stories — one to educate, one to amuse, and one to enrich. From investing lessons that last a lifetime to laugh-out-loud anecdotes and heartwarming life insights, these nine stories are packed with… Read more »
From YOUR STORY:
For anyone looking to master their finances in 2025 and beyond, this book is a must-read. It is a testament to the fact that the journey to financial success is just as much about psychology as it is about numbers.
From xtb:
Many people resolve to improve their finances in the new year, whether it’s paying off debt, saving more, or investing for the future. The Psychology of Money goes beyond the numbers and helps you understand the emotional forces that shape your financial habits. It’s an insightful read if you want to start 2025 with a… Read more »
From New Trade U:
Morgan Housel’s “The Psychology of Money” delves deep into the complex relationship between our minds and wallets. This book offers a fresh perspective on personal finance by exploring how our behaviors and attitudes shape our financial decisions. Housel argues that doing well with money has less to do with what you know and more to… Read more »
From Money Talks News:
Housel examines the relationship between money and human behavior, explaining why financial success is less about numbers and more about mindset. This audiobook offers valuable lessons for listeners of all ages. Housel provides compelling insights into the emotional factors that drive financial decisions, encouraging a more thoughtful and strategic approach to money management.
From Yahoo Finance News:
The next book on Chan’s list is “The Psychology of Money,” which emphasizes that how you act is more important than what you know. “Most people make their financial decisions based on emotion instead of logic,” Chan said. “But the key to getting rich is being logically consistent in your actions.”
From Barron's:
Have you read Morgan Housel’s The Psychology of Money? I was that person who grew up in a house where there was no financial discipline. There was a lot of financial uncertainty; there was income coming in, but budgeting and saving wasn’t happening. When I got my first paycheck, I didn’t even really understand the… Read more »
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.