Behavioural finance,  Investing

The Psychology of Money

Morgan Housel is one of the best financial writers in the US, being a two-time winner of the Best in Business award from the Society of American Business Editors and Writers. He’s one of those guys able to write simple articles laced with common sense ideas that seem obvious when you read them, except they’re not.

This article, The Psychology of Money,  reflects Housel’s belief that “investing is not the study of finance. It’s the study of how people behave with money.”

It goes through twenty truisms related to money and wealth to explore why super smart people can be really bad with money and vice versa, and how our experiences, perceptions, beliefs and biases directly and indirectly shape our attitude and approach to money.

The article isn’t offering a secret to success, but understanding why it is you do what you do has to be helpful to improving what you do.

 

This information is of a general nature only and nothing on this site should be taken as personal financial or investment advice, or a recommendation to buy or sell a particular product.

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