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The psychology of money : timeless lessons on wealth, greed, and happiness Morgan Housel (Author)

By: Material type: TextTextPublication details: Hampshire, Great Britain Harriman House 2020Description: x, 242 pages : illustrations 22 cmISBN:
  • 9780857197689
Subject(s): DDC classification:
  • 332.024 HOU
Contents:
No one's crazy Luck & risk Never enough Confounding compounding Getting wealthy vs. staying wealthy Tails, you win Freedom Man in the car paradox Wealth is what you don't see Save money Reasonable > rational Surprise! Room for error You'll change Nothing's free You & me The seduction of pessimism When you'll believe anything All together now Confessions Postscript: A brief history of why the U.S. consumer thinks the way they do
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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No one's crazy
Luck & risk
Never enough
Confounding compounding
Getting wealthy vs. staying wealthy
Tails, you win
Freedom
Man in the car paradox
Wealth is what you don't see
Save money
Reasonable > rational
Surprise!
Room for error
You'll change
Nothing's free
You & me
The seduction of pessimism
When you'll believe anything
All together now
Confessions
Postscript: A brief history of why the U.S. consumer thinks the way they do

"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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