The author was interviewed on Diary of a CEO and I found him so interesting that I bought this book the same day. Glad I did - it has endless revelations, mottos and words of wisdom.
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This book is a fascinating blend of finance, psychology and philosophy, and all written in a very easy to read form. If only I'd read this at school, but then so often school doesn't equip us well for the practicalities of life. This book is not about 'how to get rich'. It's about how we view money, what it means to us, and most importantly what is enough for us? There's one fascinating anecdote: Joseph Heller, author of one of the world's biggest best sellers 'Catch 22' was once at a social gathering. Someone said to Heller that a fund manager there had made more money that day than Heller had made from the worldwide sales of his book over decades. Heller replied "But I have something he doesn't. Enough". That fund manager would never be satisfied with what he had. So who was truly the richest? There's lots more to this book. My biggest regret is that I didn't read it years ago. Whenever someone writes a rave review I'm always suspicious they have a vested interest. I don't. I'd never heard of the author until a friend lent me this book. Some books get us thinking in a very different way so that the book stays with us. This book is one of them.
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I think it was a good book. It was will written and easy to read. I got a lot of good tips that I can put into practice in my personal life. However, I did think that the book could have delved deeper into the psychological factors that influence our financial decisions. Whilst I find the historical anecdotes interesting, I think that they sometimes overshadow the core concept of the book.
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This book is amazing, I would recommend to everyone to read it. It's changes the way you think about spending and saving money. This book taught me has we should control what we spend money on. Easy to read and not too long or big book, short book worth reading 100%.
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Informative and very easy to read. As I was reading through the book I often felt I wasn't learning anything new, but having finished it a few months ago I can see how it changed my perception of money and my financial behaviours for the best.
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Inspiring and light read. Must read for all the teens to understand the value of money.
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I have seen this book advertised everywhere recently, so thought I’d give it a try. Apparently I’m a sucker for an advert. The stories and promotions telling you this book will change your life or it will rethink how you think about money are slightly over cooked. The book itself is a decent overview of many of the main concepts of investing, finances and a brief insight to some of the human psyche relating to money. There were some useful anecdotes and interesting facts or concepts, but I don’t think I came across anything inherently new. Most of this I’ve picked up elsewhere, or read further previously. Probably worth a read for beginners or a refresher for the more experienced individual.
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Good book
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Ojo no es un libro como tal de como opera el cerebro con el dinero sino más bien ver otras perspectivas y afrontar como manejar mejor el dinero, finanzas personales y decisiones de vida.
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Morgan Housel’s The Psychology of Money is not your typical finance book. It's an insightful and profound exploration of how human behavior, rather than cold hard numbers, often determines financial success—or failure. If you’re looking for a book that teaches you how to manage wealth, understand greed, and find happiness, this is a timeless treasure trove of wisdom that transcends spreadsheets and stock markets. Lessons in Human Behavior, Not Just Finance Housel's genius lies in his ability to connect finance to human psychology, showing how our emotions, biases, and decision-making habits influence our financial outcomes. Unlike most personal finance books that focus on technical advice, this one delves deep into the mindset required to build and maintain wealth. Through engaging storytelling and real-life anecdotes, Housel illustrates that how we think about money is often more important than what we actually know about it. The Power of Compounding Behavior One of the book’s core messages is the immense power of compounding—not just in terms of investments but in life itself. Housel masterfully explains how small, consistent decisions can lead to huge gains over time, whether in wealth-building, relationships, or personal growth. He reminds us that patience and discipline are the cornerstones of financial success, and that short-term thinking is often the enemy of long-term wealth. His examples of how figures like Warren Buffet amassed fortunes through simple, disciplined investing make this concept strikingly clear. Greed: The Silent Wealth Killer Greed is one of the most destructive forces in personal finance, and Housel addresses it head-on. Through stories of financial bubbles, crashes, and personal downfalls, he shows how the relentless pursuit of "more" can derail even the most secure fortunes. His exploration of why it’s so hard for people to "have enough" is a sobering reminder that wealth is as much about mindset as it is about numbers. The book doesn’t just highlight the dangers of greed; it also offers practical ways to avoid falling into its trap by cultivating a sense of financial contentment. Happiness Beyond the Dollar Signs While the title suggests that money is the focus, happiness is the true heart of this book. Housel argues that wealth, when viewed properly, is a tool for freedom rather than a scorecard. His chapters on the importance of controlling your time, living below your means, and the intangible rewards of financial security are powerful reminders that happiness isn’t just about how much you earn, but how well you live. He masterfully weaves together the idea that wealth is not the end goal, but a means to achieve a life filled with joy, autonomy, and purpose. Timeless Lessons for Every Reader What sets The Psychology of Money apart is its universal appeal. Whether you're a seasoned investor, a financial novice, or someone simply seeking a healthier relationship with money, the book’s lessons are relevant and accessible. Housel’s conversational writing style makes complex concepts feel straightforward, and his ability to blend financial advice with psychology and philosophy makes this book a must-read for anyone wanting a holistic approach to money and life. Final Verdict: A Wealth of Wisdom Morgan Housel’s The Psychology of Money is a masterpiece of personal finance and self-awareness. Its lessons on wealth, greed, and happiness go far beyond dollars and cents, challenging readers to rethink their relationship with money and life itself. This book isn't just about getting rich—it’s about getting smart, getting wise, and getting happy. A timeless, essential read for anyone looking to master not just their money, but their mindset.
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"The Psychology of Money" by Morgan Housel is a thought-provoking and insightful book that explores the psychological factors that influence our relationship with money and how they impact our financial decisions. It's not a traditional finance book filled with technical jargon and investment strategies, but rather a philosophical exploration of the human element in money management. Key Themes and Principles: The Importance of Behavior: Housel emphasizes that our financial success is largely determined by our behavior, not just our investment strategies. He argues that understanding our own psychology and biases is crucial for making sound financial decisions. The Power of Time and Patience: The book stresses the importance of time and patience in investing. Housel advocates for a long-term perspective and avoiding impulsive decisions driven by fear or greed. The Role of Luck and Chance: Housel acknowledges the role of luck and chance in financial success. He cautions against attributing all success to skill and warns against the dangers of overconfidence. The Importance of Simplicity and Humility: The book emphasizes the value of simplicity and humility in managing money. Housel argues that complex strategies and excessive risk-taking often lead to poor outcomes. The Pursuit of Happiness: Housel explores the relationship between money and happiness. He suggests that true financial well-being is not just about accumulating wealth but also about achieving financial independence and security. Practical Applications: Understanding Behavioral Biases: Housel provides insights into common behavioral biases that can lead to poor financial decisions, such as loss aversion, confirmation bias, and herd mentality. Developing a Long-Term Perspective: The book encourages readers to adopt a long-term perspective on investing and avoid chasing short-term gains. Embracing Simplicity and Humility: Housel advocates for a simple and disciplined approach to managing money, avoiding unnecessary complexity and risk. Overall: "The Psychology of Money" is a refreshing and insightful book that offers a unique perspective on the relationship between money and human behavior. It's a valuable read for anyone looking to develop a more mindful and effective approach to managing their finances. Housel's engaging writing style and real-world examples make the book both informative and entertaining.
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Le massime finanziarie contenute in questo libro dovrebbero essere insegnate a scuola. Lo consiglierei a tutti
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Excellent for a gift
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