The Psychology of Money

Wed, 03 May 2023 00:00:00 +0000

Your relationship with money isn’t rational — it’s autobiographical. Morgan Housel’s central claim is that financial behavior tracks the economy you personally lived through, not the numbers on a spreadsheet. The Great Depression is remembered as a single national trauma, but JFK admitted his family’s wealth actually grew through it, and that’s the point: two equally rich people can hold opposite instincts because one came of age under runaway inflation and the other under calm stability. What any of us thinks we know about money is only our own thin slice of the whole.

Morgan Housel on SummaryShelf

The Psychology of Money