I Read It So You Don’t Have To
I Read It So You Don’t Have To: The Psychology of Money
A recent book explains how humans think about wealth, economics, and success
What did I read?
The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness published in September 2020.
So who is Morgan Housel?
Morgan Housel is a former financial columnist for the Wall Street Journal. He is now a partner at Collaborative Fund, an early-stage venture capital firm.
Give me the 30-second sell.
Unlike in the fields of medicine or engineering, expertise in finance requires an understanding of human psychology. Investors and consumers behave with flawed attitudes such as overconfidence, impatience, and anchoring bias. These irrational patterns have tangible effects on global markets and, likely, on your own personal finances.
Housel explores these topics with a thoughtful mix of anecdotes, research, and advice for the reader. If you want to succeed in business or simply hope to gain insight into the human mind, this book has something to offer you.
