The truth is that wealth is what you don't see, Wealth are financial assets that haven't yet been converted into the stuff you see.

Wealth is quiet, rich is loud & poor is flashy.

One of my favourite ideas from the "psychology of money".

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.

Understand yourself and those around you.

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Psychology

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Personal Development

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Money & Investments

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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.

Morgan Housel is a partner at The Collaborative Fund. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.

Aaditya Sabharwal's Key Ideas from The Psychology of Money
by Morgan Housel

Wealth is quiet, rich is loud & poor is flashy.

Aaditya Sabharwal's ideas are part of this journey:

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Different Perspectives Curated by Others from The Psychology of Money

Discover Key Ideas from Books on Similar Topics

Aaditya Sabharwal's Key Ideas from The Psychology of Moneyby Morgan Housel

Wealth is quiet, rich is loud & poor is flashy.

Aaditya Sabharwal's ideas are part of this journey:

Related collections

Different Perspectives Curated by Others from The Psychology of Money

Discover Key Ideas from Books on Similar Topics

Aaditya Sabharwal's Key Ideas from The Psychology of Money
by Morgan Housel