The Psychology of Money

Timeless lessons on wealth, greed, and happiness

By: Morgan Housel

Narrated by: Chris Hill

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.

Praise for the book:

'It's one of the best and most original finance books in years.' - Jason Zweig, The Wall Street Journal

'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.' - James Clear, Author, million-copy bestseller, Atomic Habits

'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.' - Daniel H. Pink, #1 New York Times Bestselling Author of When, To Sell Is Human, and Drive

'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.' - Annie Duke, Author, Thinking in Bets

'Housel's observations often hit the daily double: they say things that haven't been said before, and they make sense.' - Howard Marks, Director and Co-Chairman, Oaktree Capital & Author, The Most Important Thing and Mastering the Market Cycle

'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.' - James P. O'Shaughnessy, Author, What Works on Wall Street

great thoughts on money management

as someone with all the paper qualifications (degree from Wharton, CFA, years of buy and sell side experience) this book address the stuff they didn't teach that turned out more important than all the math I did. just a great and short listen. I don't know much about assessing the narrator's performance - he has a pleasant voice and didn't distract from the story. perhaps that is the best we can ask for for a book like this!

Basic - plain vanilla but interesting for every day folk

Nothing revolutionary here for anyone that is remotely familiar with finance but good for those who want an understanding of why so many people make poor money decisions

Excellent

A very easy to hear book. a must if you are just starting to try a betters ways to use money or increase your incomes.

The Simplicity of the Author’s Financial Plan

Very interesting review of post-WW2 America and how we got where we are today.

Perfectly awesome

Perfect timing I love this book so much I finished it on one day
I cannot wait to listen it again
Extremely informative and very humbling