The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness Reviews

• 
  Alexander

  Best book about money ever written
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  Arben

  Good price, fast delivery, excellent service.
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  MCube_slade

  See guys this book is for those who have had a lot of Thier skin in the game of stock market and thought of creating wealth from it.First level of investor is the one who knows money can be made in the mkt, but doesn't know how and starts to trade without any knowledge.Second level investor have made profit or loss on his capital and starts to find out where did he has gone wrong and starts learning about some basic concepts such as PE ratio.Third level of investor starts finding value in whatever the scrip he has been following and starts finding justification that it is costly or cheap and buy or sell them.Fourth level investor follows and checks if the price have gone up or not very often and loses faith if it doesn't go up after he bought it, and if price doesn't go up he sells it and looks for another one.in a short span of months. Again goes back to drawing board and finds what went wrong.Then come the whole talk of buffetology and starts to find companies like that and invest in them if he felt that it was cheap.But everyone forgets that buffet is buffet because of his principles and patience which helped him in compounding for very long time such as 70 80 years which very few do it. That's when actually psychology matters and thats what Morgan tries to tell us in this book that that analysis of the scrip, conviction that you calculated and the patience to hold it at least for several decades remains intact only then the wealth would be created or else you would be just a person among a crowd doing nothing but ordinary things in life. And explains that the world is actually big and we are just a blip in it. It gives us all a great humility and convinces us to be humble and show gratitude to others.
• 
  L. Ryan

  Nothing new here that Daniel Kahneman hasn’t said. And Clearly @morgan housel doesn’t realise 50% of the population is female. Not a single quote, case study, name or reference to women here. (Apart from snow white!) Amazing a publishing house lets this through
• 
  goodreads Customer

  I would definately recommend this book and you would have a fresh perspective on money once you complete reading it.
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  Okenna

  I thoroughly enjoyed reading this book. If you've been in or around finance, the wisdom contained in this book may not exactly be new to you but its still great to re learn some of these things or at least to hear it from someone else. I'll definitely read the book again.I've rated the book 4* and not 5* because I found a lot of the examples to be US/American focused. The world has changed. Morgan has not written with a global audience in mind or even a global perspective. This is not necessarily a bad thing if that's the intended audience, however I am not American and have only visited the country once, so I found that examples or cases from other countries might have helped a bit. Either way, a great read written in straight forward language.
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  AfshinGanji

  I have read many books on the subjects of psychology and finance but have to say that this is the best book by far! I often highlight interesting parts to review later and must admit that this book is almost entirely yellow! Housel has an amazing ability to distill complex ideas to everyday useful bits of information. I cannot recommend this book highly enough. After reading it twice already I can honestly say I would have happily paid a lot for this book!