REVIEW OF PSYCHOLOGY OF MONEY BOOK

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The Psychology of Money:  Timeless Lessons on Wealth, Greed, and Happiness

Author:  Morgan Housel

Publisher:  Harriman House 


This book is based on money matters and psychology of billionaires. I completed this book in almost ten hours (not continuous). It is highly recommendable for the people who wish to manage their finance. Author presents an insight into various financial aspects. Also he writes the experiences of wealthy people and their investing techniques.

I get a view on luck and risk in investing and its effects on psychology. I find it amazing when I read about every event of history is related to finance somehow and writer took its advantage while writing this book and relating with modern financial techniques.

The writer also explained his own investment options and writes what works for him, about background of his family and the future of his family. This is one of my favourite chapters in the book. So along with reading about world’s most wealthy people one will also read the verified techniques of investment followed by the writer of the book.

I found some subjects in this book which I never found anywhere while talking about money matters. The chapter of freedom, being independent and the risk involved in family matters, friendship, career etc. I read in this book that it is one of the biggest assets which cannot be bought by any amount of money.


Sometimes I feel greed a negative word but I came to understand how greed help (in some ways) making someone rich.

There are very less people who talk about happiness which is a great way to live life, while talking about investing and managing financial chores. We all understand that money cannot buy happiness though it may buy luxuries.

If one has some background knowledge of investing and finance then one may not find anything new and interesting.

There is so much technical terminology and financial jargon which I did not found much interesting to read and understand.

Sometime I felt bore while reading again and again the same concept of trading and investing.


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