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The Psychology of Money by Morgan Housel

Over 6 million copies sold worldwide! The original bestseller from Morgan Housel, New York Times bestselling author of Same As Ever.

Achieving financial success isn’t just about knowledge—it’s about behavior. And understanding behavior is challenging, even for the smartest people.

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Money, including investing, personal finance, and business decisions, is often taught as a math-based discipline, where data and formulas offer clear instructions. However, in the real world, financial decisions aren’t made on spreadsheets—they’re made in everyday settings like around the dinner table or in business meetings, where personal history, unique perspectives, egos, pride, marketing, and mixed incentives all come into play.

In The Psychology of Money, award-winning author Morgan Housel presents 19 insightful stories that explore the surprising ways people think about money. Through these stories, he teaches you how to better navigate one of life’s most important and complex subjects.