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The Psychology of Money
- Timeless Lessons on Wealth, Greed, and Happiness
- Narrated by: Chris Hill
- Length: 5 hrs and 48 mins
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Summary
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.
Money - investing, personal finance, and business decisions - is typically taught as a math-based field, where data and formulas 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 own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.
In The Psychology of Money, award-winning author Morgan Housel 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 topics.
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- Lakshan
- 31-12-20
Quite disappointing
Nothing new here and not worth the time spent listening. Very US based and does not give insights to other markets.
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23 people found this helpful
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- Ivan
- 03-05-21
Not what I expected from the book with such a title.
Not what I expected from the book with such a title. A lot of things are contradictory to each other. There are many times when author refers to something with no real explanation, but just out of his own opinion. Later on when you are completely confused he explains it in some detail. Again pointing to his own opinion. Also, the way book is read is a bit pessimistic.
Finished this book out of curiosity but kept the same opinion until the end of the book. There are no real answers in this book.
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19 people found this helpful
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- It's a good game
- 03-04-21
Interesting book but I don't agree many concepts
Fundamentally I liked this book but I found myself not agreeing with the core concept which is to live frugally forever (pretty much until old age). When does one actually get to enjoy the fruits of their labour? Life is too short...
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14 people found this helpful
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- Anonymous User
- 16-07-21
A great foundation for investment reading
Before you pick up the Intelligent Investor, Rich Dad, Poor Dad, or any other book from one of those 'best investment books for...' lists, read this book. Clear, concise, intelligent, and practical, I'm yet to find a better foundation for an investment book library.
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7 people found this helpful
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- Simon
- 16-10-20
Not an academic treatise
Easy to engage with and some elements that can be applied to you own behaviours. Yes it’s got a US reader bias but it’s simple enough to look past this. The narrator was engaging and as it’s not too long you can get through it without getting lost in longer and more weighty academic works. A good introduction to the topic.
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6 people found this helpful
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- Dan
- 28-07-21
Fantastic book
I thoroughly enjoyed this book and the ideas it presented. Thought-provoking and many ideas that I believe we can all apply to our lives!
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4 people found this helpful
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- Alexander Sikorsky
- 18-08-21
top of the list
one of the best books in terms of financial education and almost phylisophically deep interns of mindset and insight in human relationship with money and debt
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3 people found this helpful
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- Caomhinb
- 26-06-21
Great insight into how we all think and behave around money.
A great down-to-earth book that explores dispassionately why are economy is where it is today. Though very US centric, there are still many parallels with the UK economy in this book. The narration is also beautifully read.
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3 people found this helpful
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- elizabeth
- 15-10-23
Awkward narrator
Narration detracted from the book. Amateur reader. Awkward breathing and swallowing while narrating. Rather unpleasant to have to hear.
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2 people found this helpful
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- Ibrahim
- 21-01-21
The black swan simplified.
simple, comprehensive and informative book. I will definitely listen to it again and again as it has a lot of wisdom nuggets.
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2 people found this helpful