Books The Psychology of Money  by Morgan Housel (Author)

The Psychology of Money by Morgan Housel explores how psychological factors heavily influence financial habits and decision-making, arguing that success with money depends more on behavior and mindset than intelligence or technical skills.​

Housel shares key insights, including the importance of understanding luck and risk in financial outcomes, the concept of knowing "enough" to avoid destructive greed, and the power of compounding and long-term patience to build wealth.​

The book emphasizes that individuals’ unique backgrounds and experiences shape how they perceive and manage money, leading to different attitudes toward risk, saving, and investing. It highlights behavioral biases such as fear, greed, envy, and social comparison, which can undermine financial well-being if not managed.​