Financial knowledge doesn’t guarantee sustain the wealth.How luck and rest play a part in your life and financial success.Your life experiences form your view of the world and money.Knowing when you have enough is a valuable lesson.Making money requires one skill set, keeping money requires another. Don’t let people with different financial goal guide your financial decisions. Financial advisors provide valuable information, but the final decision is yours.

Take-aways

These are the take-aways from the book ‘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.

moneyandinvestments

Money & Investments

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Books

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.

Ajinkya Shisode's Key Ideas from The Psychology of Money
by Morgan Housel

Take-aways

Ajinkya Shisode'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

Ajinkya Shisode's Key Ideas from The Psychology of Moneyby Morgan Housel

Take-aways

Ajinkya Shisode'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

Ajinkya Shisode's Key Ideas from The Psychology of Money
by Morgan Housel