What is the Golden Rule of Wealth?
Live below your means and be patient!
Morgan Housel is one of our favorite investment writers. His new book should become an instant classic as an easy to read and highly enjoyable way to learn finance. We think readers will love buying this book for friends, family, and young minds in need of financial literacy.
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.