The Psychology of Money
Timeless lessons on wealth, greed, and happiness 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. How to manage money, invest it, and make business decisions are typically considered to involve a lot of mathematical calculations, where data and formulae 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 unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In the psychology of money, the author 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 matters.
Stats for nerds
26recommend
52mentions
45people
2020–2026years
54% recommend46% neutral
Mentions per year
What Hacker News says
- There's a good book on this called Psychology of Money. I also recommend Money for Couples to see in real time this psychological effect of money, especially with changes since childhood and how that affects people into adulthood.
- The Psychology of Money by Morgan Housel.
Highly recommended no matter what your age.
Just a few chapters into The Art of Spending Money by the same author. So far very good as well.
Both cover how personal finance is, first and foremost, personal and specific to an individual and highly dependent on your life experience.
- There are good books on this effect, like Freakonomics and especially The Psychology of Money. After reading them I understood how people could gamble even though most know it's a net negative outcome; it's psychological, not rational.
- You'd probably get a kick out of reading The Psychology of Money by Morgan Housel.
- Warren Buffett has predicted that we’ll suffer a “hair curler” some time in the next 20 years.
For those that like to prepare, Morgan Housel has an excellent book called ‘The Psychology of Money’.
- There are too many…
But I’ll pick The Psychology of Money. There are few books that have so drastically changed my view of reality and affected my behavior.
(Bonus because I couldn’t help myself: Getting things done, Man’s search for meaning, Surrounded by idiots)
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