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SMARTIFY
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Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.
Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.
In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.
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Key Features
- People do crazy things with money, but no one is crazy. What makes sense to me might seem crazy to you.
- We all are from different generations, raised by different parents, born into different economics, have different experiences with money.
- People know the theory that we should make investment decisions based on our goals & characteristics of investment options we have. But that’s not what people do.
- People who have faced the economic crisis have different biases & thoughts about risk & rewards than those who have seen stable prices their entire life.
- If you grew up when the stock market was strong, you would invest more money in stocks than those who grow up when stocks were weak.
Specifications
- SKU: JU506TG2QP9V0NAFAMZ
- Weight (kg): 0.15
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