The Psychology of Money
Summary The Psychology of Money
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 bus
...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.
Episode list
Introduction
Most university graduate schools did not have a computer anywhere near as
It begins when a summer never gets warm enough to melt the previous
The distribution of success among large public stocks over time is not
We see the cars they chose to buy and perhaps the school they choose to
The thing that makes tail events easy to underappreciate is how easy it is
The End of History Illusion is what psychologists call the tendency for
This was on the front page of the most prestigious financial newspaper in
Daniel Kahneman once told me about the stories people tell themselves
The first thing we did to keep the economy afloat after the war was keep
