The Psychology of Money

by Morgan Housel
The Psychology of Money cover
Good Books rating 4.05
Psychology and Human Behavior
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Waterstones
Paperback • £16.99
Amazon
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Technical
  • ID: 2653
  • Added: 2025-10-16
  • Updated: 2025-10-16
  • ISBN: 9780857197696
  • Publisher: Harriman House Limited
  • Published: 2020-09-08
  • Formats: 1
  • Reviews: 4

The Psychology of Money by Morgan Housel challenges the conventional wisdom that financial success is solely about what you know. Instead, it argues that behavior and personal history play a crucial role in how people make financial decisions. The book is a collection of 19 short stories that delve into the unique ways people think about money, offering practical insights into investing, personal finance, and business decisions. Housel's approach is refreshing and relatable, as he discusses how emotions, ego, and marketing influence financial choices. The book is not just about numbers and formulas; it's about understanding the human side of money, making it accessible and engaging for readers from all backgrounds.

Reviews
LinkedIn · Richards MS · 2025-10-16
refreshing 4.20

The book emphasizes mental discipline as key to building wealth. The reviewer finds the book's focus on mental discipline refreshing and practical.

The reviewer is impressed by the book's emphasis on the importance of mental discipline in building wealth. They believe that this focus sets the book apart from others in the genre, which often prioritize technical knowledge over behavioral aspects. The reviewer finds the book's practical advice and relatable anecdotes particularly valuable, making it a compelling read for anyone interested in personal finance. They appreciate how the book challenges conventional wisdom and offers a new perspective on achieving financial success.

Quick quotes

    This book has received such rave reviews.

    It emphasizes that building wealth is more about mental discipline than simply getting the numbers right.

    The book's focus on mental discipline is refreshing and practical.

Arta · 2025-10-16
insightful 4.00

The book argues that financial success is more about behavior than intelligence. The reviewer finds the premise compelling and the book easy to read.

The reviewer appreciates the book's focus on the behavioral aspects of managing money, which they find more relatable and practical than traditional financial advice. They highlight how the book's premise—that doing well with money has more to do with behavior than intelligence—resonates deeply. The reviewer also notes that the book is well-written and easy to understand, making it accessible to a wide audience. They believe it offers valuable lessons that can help readers make better financial decisions.

Quick quotes

    The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave.

    And behaviour is hard to teach, even to really smart people.

    The book is well-written and easy to understand.

Reddit · 2021-12-15
good 3.50

The book emphasizes the importance of luck in financial success and advises against judging others based on their spending habits. The reviewer found it to be a good read with valuable lessons.

This Reddit user found 'The Psychology of Money' to be a good book that highlights the often-overlooked role of luck in financial success. They particularly appreciated the advice not to judge people based on how they spend their money, finding it a refreshing perspective. The reviewer enjoyed the book's practical insights and thought it was a valuable read for anyone interested in personal finance.

Quick quotes

    This is really a good book.

    It also says there never ever underestimate the power of luck.

    Try not to judge people based on how they spend.

Substack · Andy Falleur · 2021-12-15
brilliant 4.50

The author's insights are described as brilliant and eye-opening, offering a deep understanding of how our psychology affects our financial behaviors. The reviewer found the book to be deeply contemplative and intuitive.

Andy Falleur praises 'The Psychology of Money' for its brilliant and eye-opening insights into how our psychology shapes our financial behaviors. They appreciate the author's ability to make complex ideas accessible and thought-provoking, finding the book to be deeply contemplative and intuitive. The reviewer highlights that the book offers a unique perspective on personal finance, making it a standout read in the genre.

Quick quotes

    The author is insightful.

    His insights penetrate deeply.

    They are eye-opening.

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