The Psychology of Money - English
Success in money management isn’t always about what you know. It’s about how you behave. And behavior is hard to teach, even to very smart people. A genius who loses control of his emotions can end up in financial disaster. Conversely, ordinary people with no financial education can become wealthy if they have a set of behavioral skills that aren’t tied to formal measures of intelligence.
Money, investing, personal finance, and business decisions are often taught as math-based fields where data and formulas tell us what to do. But in the real world, people don’t make financial decisions on spreadsheets. They make them at the dinner table, or in a boardroom, where personal history, your unique worldview, ego, pride, marketing, and incentives all come together. In The Psychology of Money , award-winning author Morgan Housel shares 19 short stories that explore the strange ways people think about money and teach you how to better understand one of the most important topics in life. Morgan crafts these short stories from a behavioral perspective, so that by the end of the book, readers will have a new perspective on how to approach their money. So, to know how to manage your finances well, let's read the book The Psychology of Money.
