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 Medium:
For those looking to dive deeper into the intersection of AI and finance, the article and podcast recommend essential reads including The Psychology of Money by Morgan Housel.
From Forbes:
A brilliant examination of how our relationship with money affects our investment decisions, Housel demonstrates that doing well with money isn’t necessarily about what you know, but how you behave.
From Your Story:
The Psychology of Money continues to be one of my all-time favourites because of its timeless lessons on financial behavior and decision-making. Each time I re-read it, I uncover new insights about wealth, risk, and the power of long-term thinking. It’s a book that I not only revisit to realign my financial mindset, but also… Read more »
From Youth Incorporated Magazine :
The Psychology of Money a must-read book that explores the intricate relationship between people and money. Unlike traditional finance books that focus solely on numbers, investments, or strategies, Housel dives into the emotional and psychological aspects of how we perceive, manage, and interact with money. Housel emphasizes that our financial decisions are shaped more by… Read more »
From ABC News:
The Psychology of Money by Morgan Housel, narrated by Chris Hill (Harriman House) is the 5th bestselling audiobook in the US the week of December 2nd, 2024.
From Huberman Lab:
In this episode, my guest is Morgan Housel, an expert in private wealth generation and management and author of the bestselling book *The Psychology of Money*. We discuss how desiring, pursuing, saving, and spending money impact our psychology and perception of wealth. We explore why people tend to either overspend or oversave and examine the… Read more »
From Unbiased:
Jason Witcombe of Empower Partners also agrees, saying: Financial books make a great gift because the reader can benefit from a lifetime of the author’s experience, distilled into just a few hundred pages. My all-time favourite is The Psychology of Money by Morgan Housel. It’s an easy read yet extremely thought-provoking.
From India Times:
A book that is not soley about charts, dips and profits, this one is about how people think about money.
From IFA Magazine:
Jason Witcombe of Empower Partners says: “Financial books make a great gift because the reader can benefit from a lifetime of the author’s experience, distilled into just a few hundred pages. My all-time favourite is ‘The Psychology of Money’ by Morgan Housel. It’s an easy read yet extremely thought-provoking.”
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.