The Psychology of Money
Morgan Housel presents 19 short stories illustrating that financial success has more to do with behavior, temperament, and time horizon than intelligence or technical knowledge. Key insights include that wealth is what you don't see (the unspent money), that reasonable beats rational, and that compounding requires the patience to do nothing. The book became one of the best-selling personal finance titles of the decade by making behavioral finance deeply relatable.
Twenty short lessons on how people actually think about money — and why that's usually irrational. The defining personal-finance read of the decade.
Tagged beginner in the Ledge Reads catalog: written to be readable without prior investing background.
What it covers
- Compounding
- Behavioral Finance
- Savings Rate
- Wealth vs Income
- Tail Events
- Room for Error
- Reasonable vs Rational
- Time Horizon
- Lifestyle Creep
- Morgan Housel
Where Oxford Ledge teaches these ideas
Concepts this book covers appear in these LEARN modules:
Find this book
ISBN-10: 0857197681
As an Amazon Associate, Oxford Ledge earns from qualifying purchases.
Continue to source