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The Psychology of Money
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Finance

The Psychology of Money

by Morgan Housel

Doing well with money isn't necessarily about what you know. It's about how you behave. And behavior is hard to teach, even to really smart people. Money--investing, personal finance, and business decisions--is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don't make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life's most important topics.

Ask in the margins
I feel like I'm falling behind financially. How do I define what is 'enough' for me?
What's the difference between being rich and being wealthy, and how do I build true wealth?
How can I stop feeling anxious about market crashes and stay invested for the long term?