This is a collection of excerpts from the book The Psychology of Money by Morgan Housel, which examines the impact of psychological and emotional factors on financial decision-making. Housel argues that conventional financial wisdom often overlooks the importance of soft skills and emotional intelligence when it comes to managing money. He uses a variety of anecdotes, historical examples, and personal experiences to illustrate his point, demonstrating how the way individuals perceive and interact with money is shaped by their personal histories, cultural influences, and unique life experiences. Through these narratives, he aims to encourage readers to develop a more nuanced and pragmatic approach to finance, one that considers the complexities of human behaviour rather than relying solely on mathematical models and abstract theories.
Oct 26 202412 mins