The Psychology of Money

The Psychology of Money 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.

Book Reviews



Very informative!!55


Excellent and practical insights5 star

The control of your time and whatever makes you sleep at night! Go for it!55

pedro tollar

Great Read5 star

Interesting and very useful perspectives on Money.55


Misleading Title3 star

This book has too many anecdotal side stories that have nothing to do with money (many are about doctors/medicine-which is understandable because his father was a doctor). But when you set out to write a book about something, it should be entirely focused on the subject. Also, he throws in a bunch of pieces of articles written by others about American history. It’s pretty much useless content. I found myself skimming over a lot of it. However, he does have some interesting stories and good advice about investing.35


Extremely good5 star

You have to read this book no excuse55


Good Book 3.5/53 star

While it’s a small book it still felt maybe 30 or 40 pages longer than needed but overall a really nice read.35


Good beginning and great end4 star

Most of the book was slow going but worth the read.45


Eye Opener5 star

This book is a great addition to your kit for financial independence. At the bare minimum, it provides an opportunity for you to see the current mentality of American society.55

Jacks stack

Was a fantastic book for gaining deeper insights about money5 star

Learned so much!55


Superb5 star

Great book! I recommend it to all who want to take control of their financial future.55

Other Books by Morgan Housel

Cómo piensan los ricos


Cómo piensan los ricos
4.5     14

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