Book Summaries: Rich Dad Poor Dad | Psychology of Money | The Intelligent Investor | The Richest Man in Babylon | Think and Trade Like a Champion | Value Investing and Behavioural Finance | Trading in the Zone | Learn to Earn Tools: CAGR Calculator | SIP Calculator | EMI Calculator | eLea...
The book is based on a report he wrote in 2018 about the20 most important causesof self-defeating money behaviour, which drew more than 1 million readers. He graduated from the University of Southern California, in 2008 with an economics degree. He began writing for The Motley Fool as a j...
Whenever I read a book, I always prepare a one page summary. The book psychology of money is a mix of factual analysis and practical guidance on personal finance and money in general. In this case my book summary is a set of instructions to remind myself of what I should do based on ...
1. The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave. And behavior is hard to teach, even to really smart people. 2. One, financial outcomes are driven by luck, independent of intelligence and effo...
In his world-best-selling book, titled“The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness”published by Harriman House, Mogan Housel has provided some interesting insights into this arena. In this, he primarily argues that doing well with money has little to do with tec...
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Investing, personal finance, and business decisions are typically taught as a math-based field, where data and spreadsheets dictate your family business’ next move. But as Morgan Housel teaches us in his bookThe Psychology of Money, there is theory, and then there is reality. As my colleague...
The book presents a collection of simple and neat ideas around how to think about managing your money. Notice my emphasis on “how to think about managing” rather than “how to manage.” I guess the title itself makes it abundantly clear that rather than discussing “proven” formulae for...
book, The Sense of Wellbeing in America, starts by pointing out that people are generally happier than many psychologists assumed. But some were clearly doing better than others. And you couldn’t necessarily group them by income, or geography, or education, because so many in each of those...
6 Book Recommendations From Howard MarksThe Psychology of Money by Morgan Housel. This book is a great read for anyone who wants to understand the emotional side of investing. It is full of helpful insights and anecdotes that will help you make better financial decisions. ...