

#9
Mentioned in 225 episodes
The Psychology of Money
Timeless Lessons on Wealth, Greed, and Happiness
Book • 2020
In 'The Psychology of Money,' Morgan Housel delves into the psychological and emotional aspects of financial decisions.
The book consists of 19 short stories that illustrate how personal history, worldview, emotions, and biases influence financial outcomes.
Housel emphasizes the importance of behavior over knowledge in managing money, highlighting the power of compounding, the dangers of greed, and the pursuit of happiness beyond mere wealth accumulation.
He advocates for a frugal lifestyle, long-term perspective, and a balanced approach to investing, stressing that financial success is more about mindset and discipline than about technical financial knowledge[2][3][4].
The book consists of 19 short stories that illustrate how personal history, worldview, emotions, and biases influence financial outcomes.
Housel emphasizes the importance of behavior over knowledge in managing money, highlighting the power of compounding, the dangers of greed, and the pursuit of happiness beyond mere wealth accumulation.
He advocates for a frugal lifestyle, long-term perspective, and a balanced approach to investing, stressing that financial success is more about mindset and discipline than about technical financial knowledge[2][3][4].
Mentioned by



























Mentioned in 225 episodes
Mentioned by
Andrew Huberman as a spectacularly bestselling book and the basis for today's discussion.


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Mentioned by Charlie Hoehn as an example of a book that sold many copies but didn't make the New York Times bestseller list.

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David Senra as a bestselling author whose book "Psychology of Money" is referenced in the podcast.


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Ali Abdaal in the context of a podcast interview, highlighting the value of the interview even after reading the book.


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