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The Psychology of Money by Morgan Housel explores how our behaviors, emotions, biases, and unique personal histories (not just math and spreadsheets) drive financial decisions, arguing that how we act with money matters more than what we know. The book teaches timeless lessons through 19 short stories, highlighting that getting wealthy and staying wealthy require different mindsets, the importance of saving (wealth is what you don't see), controlling ego, aiming to be reasonable (not just rational), and finding freedom and peace of mind, rather than just chasing status.
The Psychology of Money by Morgan Housel explores how our behaviors, emotions, biases, and unique personal histories (not just math and spreadsheets) drive financial decisions, arguing that how we act with money matters more than what we know. The book teaches timeless lessons through 19 short stories, highlighting that getting wealthy and staying wealthy require different mindsets, the importance of saving (wealth is what you don't see), controlling ego, aiming to be reasonable (not just rational), and finding freedom and peace of mind, rather than just chasing status.