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dmaurath's review against another edition
2.0
This is maybe the mindset of money but not the psychology. It never goes more than skin deep into why people think about money the way they do. I say “maybe” because it’s really only the authors mindset and it strays from discussing mindset to give quasi-advice to talk newbie investors down from risky ledges.
This is disappointing because I hoped for something that I didn’t know I wanted: a Thinking Fast and Slow focused only on money. And because the author describes some well known psychological concepts but never names them, which is a missed opportunity to give readers a common language to use when discussing the book. It’s much more difficult to discuss the concepts when they can’t be named.
Overall, if you’re looking for the actual psychology of money seek out behavioral econ books. If you want financial advice, you’re better served with a google search. Plenty of blogs cover these well-worn ideas.
This is disappointing because I hoped for something that I didn’t know I wanted: a Thinking Fast and Slow focused only on money. And because the author describes some well known psychological concepts but never names them, which is a missed opportunity to give readers a common language to use when discussing the book. It’s much more difficult to discuss the concepts when they can’t be named.
Overall, if you’re looking for the actual psychology of money seek out behavioral econ books. If you want financial advice, you’re better served with a google search. Plenty of blogs cover these well-worn ideas.
limescat's review against another edition
informative
reflective
medium-paced
3.0
"**Psychology of Money** offers a solid foundation in understanding the intricate relationship between psychology and finance. It effectively teaches the fundamental principles of money management and underscores the importance of financial literacy, making it a valuable resource for anyone looking to build a strong financial future.
The book prompts deep self-reflection through its exploration of various psychological factors that influence our financial decisions. It delves into topics like risk tolerance, the concept of "enough," and the impact of personal experiences on money habits, encouraging readers to reassess their own attitudes and behaviors towards money.
While the book serves as an insightful introduction to these crucial concepts, its depth might leave more seasoned investors or readers seeking advanced strategies wanting. Nonetheless, its accessible language and practical insights make it a worthwhile read for those looking to gain a clearer understanding of how psychology shapes financial success and mindset."
The book prompts deep self-reflection through its exploration of various psychological factors that influence our financial decisions. It delves into topics like risk tolerance, the concept of "enough," and the impact of personal experiences on money habits, encouraging readers to reassess their own attitudes and behaviors towards money.
While the book serves as an insightful introduction to these crucial concepts, its depth might leave more seasoned investors or readers seeking advanced strategies wanting. Nonetheless, its accessible language and practical insights make it a worthwhile read for those looking to gain a clearer understanding of how psychology shapes financial success and mindset."
chaeklore's review against another edition
5.0
Let’s talk about money! Housel describes how the history of economy shaped and altered Americans’ socioeconomic status, SES. He demonstrates that investing has more to do self-control and understanding the fluctuations of the stock market/economy rather than one’s salary, wealth, or even a lack of wealth, hence the title of the book. I found his chapters motivating and easing my anxiety of having to be fully prepared of the uncertain stock market.
Some of my favorite quotes:
History never repeats itself, man always does. - Voltaire
Spending money to show people how much money you have is the fastest way to have less money.
In a world where intelligence is hyper-competitive and many previous technical skills have become automated, competitive advantages tilt toward nuanced and soft skills.
Problems correct and people adapt. Threats incentivize solutions in equal magnitude. That’s a common plot of economic history that is too often forgotten by pessimists who forecast in straight lines.
Some of my favorite quotes:
History never repeats itself, man always does. - Voltaire
Spending money to show people how much money you have is the fastest way to have less money.
In a world where intelligence is hyper-competitive and many previous technical skills have become automated, competitive advantages tilt toward nuanced and soft skills.
Problems correct and people adapt. Threats incentivize solutions in equal magnitude. That’s a common plot of economic history that is too often forgotten by pessimists who forecast in straight lines.
manga13's review against another edition
4.5