A review by asgard793
The Psychology of Money by Morgan Housel

informative reflective fast-paced

4.0

The Psychology of Money is a readable analysis of how the wider population conceptualizes money and how these mental frameworks inform financial decisions. Morgan Housel's title started as an essay that was revised and expanded upon until it became a full-length work. Factors such as how life experiences, compounding, investment time horizons, past patterns and the unpredictability of the future are discussed in clear, entertaining and anecdotal prose. Most readers can find their own cognitive patterns in the psychological approaches outlined by Housel. The result is an accessible entry point to an otherwise complicated, emotional and somewhat under-explored topic.