The Psychology of Money

Book Summary

By Morgan Housel

10 min
791
Audio available

Preview

People make real-world financial and investment decisions based on their beliefs and life experiences, not on hard math or data. Risk, luck, and skill also shape an individual’s chance for financial success. To achieve financial success, make a reasonable plan that focuses on compounding annual gains over time. Be ready to adapt when the markets inevitably change and don’t allow greed to distract you from your goals. Everyone will have different investment techniques, and the key is to choose the plan and techniques that will give you the greatest chance of reaching your personal financial goals.

About the Author

Morgan Housel is an author, partner at Collaborative Fund, and former columnist at The Motley Fool and The Wall Street Journal. He has been awarded the New York Times Sidney Award, the Best in Business Award from the Society of American Business Editors and Writers, and was a finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism.
book summary - The Psychology of Money by Morgan Housel

The Psychology of Money

Book Summary

10 min
791
Read now Send to Kindle

More Like This


Rich Dad Poor Dad
Robert Kiyosaki

The Millionaire Real Estate Agent
Gary Keller, Dave Jenks, and Jay Papasan

The Snowball
Alice Schroeder

Courses You Might Like