Publisher's Synopsis
Note to reads:
Morgan Housel, an award-winning author, presents compact stories in The Psychology of Money that explores the novel ways individuals think about money and show you how to make sense of one life's most central themes.The author teaches us the most profound insights on the psychology of money - what it means to us, how we spend, save, and invest, and how we relate who we are today to who we might be tomorrow - through the lens of history and personal stories.
He draws on the experiences of iconic billionaires Warren Buffet and Bill Gates and Nobel Laureate Daniel Kahneman, and Harvard psychologist Dan Gilbert, among others.
Each chapter is chock-full of tales regarding why we do such irrational things with our money. They're amusing, thought-provoking, and written in Housel's pure, minimalist style, which he helped pioneer in financial literature.
In This Summary And Analysis of The Psychology Of Money, You Will Discover:
- About Morgan Housel
- Introduction
- We All Have Unique Investing Experiences
- Bill Gates Competitive Advantage
- The Rich Are More Likely To Make Crazy Decisions
- Warren Buffett Is a Prime Example Of The Power of Compound Interest
- Investing Well Is Not Screwing Everything Up
- Do The Average
- People Believe Wealth Makes Them Popular
- Stop Estimating People By Their Visible Wealth
- Your Savings Rate Is The Key
- Being Rational Is Draining
- Stop Focusing on Historical Data
- Make Room For Mistakes
- Avoid the Extreme Ends of Financial Planning
- Market Volatility Comes At a Cost
- Find Your Personal Financial Identity
- Be a Financial Optimist
- Appealing Fictions Affect Our Investments
- Conclusion
And More
NOTE: This is not the main book but an unofficial summary and analysis of the book, bringing you the main points in "The Psychology of Money" in a concise, easy-to-go manner. It is meant to get you the key ideas enhance your reading experience from great books and bestsellers in minutes, not hours.
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