The Psychology of Money: By Morgan Housel

The Psychology of Money podcast episode delves deep into the fascinating intersection of human behavior and financial decision-making, exploring why money - something that affects and often confuses all of us - remains one of the greatest shows on Earth. Drawing from over a decade of financial writing experience, including insights gained during the 2008 financial crisis, this episode unravels the complex web of how different people think about and interact with money, while examining its profound impact on risk-taking, confidence, and happiness.

In this concise yet powerful exploration, we'll break down 20 of the most important and counterintuitive features of our financial psychology, demonstrating how history may not repeat itself, but human behavior invariably does. From understanding the fine line between bold and reckless decisions to unpacking the intricate relationship between risk and luck, this episode offers listeners practical insights into the behavioral patterns that shape our financial lives. Whether you're an experienced investor or just starting your financial journey, this discussion will transform how you think about money and the psychological forces that influence our financial decisions.

Book Link:

https://amzn.to/4jXfiSA

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