Most of us assume financial success depends on education and intelligence, but in "The Psychology of Money", finance expert Morgan Housel presents an alternate hypothesis: the key to financial success lies in understanding human behavior. The book examines the real-world dynamics of money, revealing that financial decisions are rarely driven by economic theories or the neat spreadsheets of accountants. Instead, a myriad of factors, from personal history to pride and envy, shape our decision-making, resulting in outcomes that are often surprising and always fascinating.
Morgan Housel, a partner at The Collaborative Fund, is a financial journalist who has written for the Motley Fool and the Wall Street Journal. He has won multiple awards for his writing, including the New York Times Sidney Award, the Best in Business Award from the Society of American Business Editors and Writers. His books have sold over six million copies and have been translated into more than 50 languages. His other writings include the international bestseller Same As Ever.