“The Psychology of Money is a self-help book written by Morgan Housel. It is a short book of around 250 pages containing timeless lessons on wealth, greed and happiness. The book was published right in the middle of the Covid Pandemic (September 2020) and went on to sell over a million copies within a year! The timing of the book was perfect; a lot of people were re-evaluating their lives during the pandemic and this book offered some solid life guidance especially on personal finance.
The book is based on a blog post written by Morgan titled “The Psychology of Money” in June 2018. In the introduction section of the blog Morgan explains his attempt,
This report describes 20 flaws, biases, and causes of bad behavior I’ve seen pop up often when people deal with money.
The book explores these ideas in much more detail and explores themes outside money as well. I enjoyed reading both. If you prefer the slow burn of a book which goes through many examples to explain a concept, the book is for you”