Books The Psychology of Money: Timeless lessons on wealth, greed, and happiness  by Morgan Housel (Author)

"The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness" by Morgan Housel explores the critical role psychology plays in financial decision-making, highlighting that behavior and mindset matter more for financial success than intelligence or technical know-how. Housel uses engaging stories to show how emotions like fear, greed, and envy influence money habits, and how our individual backgrounds shape our risk tolerance and financial views.

Key lessons from the book include the importance of recognizing luck and risk in outcomes, knowing when to say "enough" to avoid destructive pursuit of more wealth, and harnessing the power of compounding by maintaining consistent good returns over time. Housel emphasizes that getting rich and staying wealthy require different skills, with the latter being more about patience, frugality, and psychological resilience. True wealth, according to the book, is about the freedom to control one’s time and lifestyle rather than visible riches.