The Psychology of Money by Morgan Housel
By The
What is the The Psychology of Money by Morgan Housel?
Morgan Housel reframes personal finance around behavior, emotions, and psychology rather than spreadsheets and formulas arguing that doing well with money depends more on temperament than intelligence. Nineteen short stories illustrate timeless lessons about wealth, greed, risk, and happiness that apply equally to beginners and experienced investors. One of the most recommended personal finance books of the past decade.
What are the pros?
- Short readable chapters
- Behavioral finance focus is unique
- Engaging storytelling style
- Timeless principles
What are the cons?
- Light on specific investment tactics
- Some stories feel repeated