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.
Monday, October 31, 2022
Book Review : The Psychology of Money By Morgan Housel
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.
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.
The expectations from this book were sky-high. And, does it deliver. The key lessons on optimism and pessimism and long-term aside - the two things that state with me:
This is a fantastic book. It's not a book about investments. It is a book about your mind, and mine and how it thinks about money, savings, expenditure, and investments. And, it is brilliant. Pick it up now.
Popular Posts
-
पुस्तक समीक्षा हिंदी में कैसे लिखे || How to Write Book Review in Hindi || पुस्तक समीक्षा क्या है और पुस्तक समीक्षा कैसे लिखी जाती है पुराने...
-
पुस्तक विश्व इतिहास की प्रसिद्ध किताबों में से एक है जो 1912 में नोबेल पुरस्कार विजेता टैगोर द्वारा लिखी गई थी वह थी गीतांजलि । यह एक ही पुस...
-
પુસ્તક સમીક્ષાઓ નવા વાચકો માટે પુસ્તકની કેટલીક મુખ્ય માહિતી આપવી જોઈએ. તેમાં અલબત્ત, શીર્ષક, લેખક, શૈલી, પ્લોટની રૂપરેખા અને પ્રકાશકનો સમાવે...
-
KBC 2023 Registration: Procedure to Participate in Season 15 KBC Registration starting again : Sony live is giving you yet another chance t...
-
Orphan 'Devraj' is the most wonderful lion within the Gir woodland in Gujarat, as large and slim as his 'bristly' African li...
-
Discover the Japanese secret to a long and happy life with the internationally bestselling guide to ikigai . The people of Japan believe tha...
-
Very First Sight Words and Sentences – a set of two books suitable for children aged 4 years and above. Sight words are those words that are...
-
eBOOKS Buy Best Selling Books from AMAZON
-
It's 2020 and children are stuck indoors as the novel coronavirus finds its way into India. A nationwide lockdown is announced and amids...
-
Energize Your Mind: Learn the Art of Mastering Your Thoughts, Feelings, and Emotions written By Gaur Gopal Das , who is a holistic mentor a...
World Rivers Day 2023: India Celebrating the Lifelines of Earth
World Rivers Day 2023 | विश्व नदी दिवस 2023 (World Rivers Day 2023: Celebrating the Lifelines of Earth | विश्व नदी दिवस 2023: पृथ्वी की जीवन...