“The Psychology of Money” by Morgan Housel
Webinar • Business Book Club
Book Business Club is back for a new season! 📚
After a short break, we’re returning to our conversations about books, business, money, people, and the ideas behind them.
For the first meeting of the new season, our longtime host Egor Ryasov will lead a discussion of one of the most popular modern books about money: The Psychology of Money by Morgan Housel.
With more than 10 million copies sold worldwide, The Psychology of Money has become an international bestseller and a Sunday Times bestseller. Why do some people make better financial decisions than others?
Morgan Housel approaches money from a different perspective. Our financial decisions aren’t shaped by knowledge, numbers, and calculations alone. They’re also influenced by our behavior, personal experiences, ambitions, fears, and ideas about success.
In real life, we don’t make financial decisions in an Excel spreadsheet. Family, social environment, past experiences, emotions, self-esteem, advertising, and even chance can all influence the choices we make.
In The Psychology of Money, Housel shares 19 short stories exploring how people think about money, why we sometimes make irrational financial decisions, and what can help us develop a more thoughtful relationship with money, saving, and investing.