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

Good book . It changes the perspective of money that we usually have for ourselves

Initially I didn’t understand much but the more you read you start to understand a lot of terms. Makes you understand money Great book

Finally! I have it now. I’m so happy! Can’t wait to read it now. Worth the wait. 🥰

I don’t usually read books but after reading this book I might read more.

Great read for life’s lessons on how to think about money. The comparison of rational and reasonable decisions that humans make is eye-opening. This book provides excellent guidance for you to think about accumulating wealth instead of being rich with a strategy that makes sense to you.

One of the best book

Book came on time. Well packaged. Condition - brand new.

This book is totally kinda life-changing for me.

what an amazing book. it really opens your mind about how you see wealth and money. my personal rating 11/10.

Today, I read Psychology of Money. There are lessons that I've learned in the book. - The media likes to promote pessimism rather than optimism since it attracts more attention. Examples include stock prices going down when in the long term it will continue to increase. - The economy will keep improving overtime, but there may be some temporary downfalls such as recession and inflation. The book discusses what happened post-WW2 and how lives have dramatically improved since then. Although the book does seem to implicitly suggest that the gap between the rich and poor is starting to increase. - "85% of active mutual funds underperformed their benchmark over the 10 years ending 2018." The book suggest that investing in index fund is less risky than investing in mutual funds. - There have been stories where investors have committed suicide due to losing all their wealth. While investing, you should be prepared to factor in risk. - The most important factor in investing is time There are more lessons in the book but I decided to bullet-point the most useful lessons. More quotes from the book below: "Half of all U.S. mutual fund portfolio managers do not invest a cent of their own money in their funds, according to Morningstar. This might seem atrocious, and surely the statistic uncovers some hypocrisy." "Tell someone that everything will be great and they’re likely to either shrug you off or offer a skeptical eye. Tell someone they’re in danger and you have their undivided attention." “Only 27% of college grads have a job related to their major, according to the Federal Reserve. Twenty-nine percent of stay-at-home parents have a college degree. Few likely regret their education, of course. But we should acknowledge that a new parent in their 30s may think about life goals in a way their 18-year-old self making career goals would never imagine."

Ich bin absolut begeistert von "The Psychology of Money". Zunächst zum Äußeren: Ich habe mich für die Hardcover-Version entschieden und kann sagen, dass sich der Aufpreis definitiv lohnt. Das Buch sieht optisch sehr schön aus und macht einen hochwertigen Eindruck im Regal. Inhaltlich überzeugt das Buch durch einen sehr flüssigen und angenehmen Schreibstil. Morgan Housel gelingt es, das Thema Finanzen mit vielen schönen und anschaulichen Beispielen zu untermauern, sodass es nie trocken wirkt. Es liefert wertvolle Denkanstöße, die den eigenen Blickwinkel auf Reichtum und Gier nachhaltig verändern können. Ein kleiner Hinweis für potenzielle Käufer: Da es sich um die englische Originalausgabe handelt, werden gute Englischkenntnisse empfohlen. Um wirklich flüssig lesen zu können und alle Nuancen zu verstehen, sollte man in der Sprache sicher sein. Fazit: Ein absolutes "Must-have". Wer sich für die psychologischen Aspekte hinter Geldentscheidungen interessiert und gutes Englisch spricht, sollte hier zugreifen.

I bought The Psychology of Money expecting another finance book full of rules and strategies, but it turned out to be very different, well, in a good way. It’s not really about how much money you make or which stocks to buy, but about how we think and behave around money. What I liked most is how simple and relatable the examples are. Morgan Housel uses short stories that actually make you stop and think, especially about patience, risk, and how emotions play a much bigger role in money decisions than we like to admit. I found myself recognizing my own habits in a lot of the chapters. The book is easy to read, not technical at all, and you don’t need a finance background to get value from it. I’d read a chapter at a time and still feel like I learned something useful. Some ideas seem obvious at first, but the way they’re explained really makes them stick. If you’re looking for a book that helps you build a healthier mindset around money not just investing tips this one is definitely worth reading. I’m glad I picked it up.

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