The Psychology of Money

Timeless lessons on wealth, greed, and happiness

By: Morgan Housel

Narrated by: Chris Hill

The Sunday Times Number One Bestseller.

Over 10 million copies sold around the world.

The original book from Morgan Housel, the New York Times and Sunday Times bestselling author of Same As Ever and The Art of Spending Money.

As featured on the Dr Chatterjee podcast Feel Better, Live More and The Diary of a CEO podcast with Steven Bartlett.


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.

Critic reviews

It’s one of the best and most original finance books in years.

<i>The Psychology of Money</i> is bursting with interesting ideas and practical takeaways. Quite simply, it is essential reading for anyone interested in being better with money. Everyone should own a copy.

Morgan Housel is that rare writer who can translate complex concepts into gripping, easy-to-digest narrative. <i>The Psychology of Money</i> is a fast-paced, engaging read that will leave you with both the knowledge to understand why we make bad financial decisions and the tools to make better ones.

Housel's observations often hit the daily double: they say things that haven't been said before, and they make sense.

Morgan Housel is one of the brightest new lights among financial writers. He is accessible to everyone wanting to learn more about the psychology of money. I highly recommend this book.

Few people write about finance with the graceful clarity of Morgan Housel. <i>The Psychology of Money</i> is an essential read for anyone who wants to make wiser decisions or live a richer life.

great thoughts on money management

as someone with all the paper qualifications (degree from Wharton, CFA, years of buy and sell side experience) this book address the stuff they didn't teach that turned out more important than all the math I did. just a great and short listen. I don't know much about assessing the narrator's performance - he has a pleasant voice and didn't distract from the story. perhaps that is the best we can ask for for a book like this!

Very good read..

If someone wants to understand the psychology of money this book is a very good start...
Everyone is different and everyone have different wants and needs.

Some good ideas

I had a few aha moments. Explains the real reason to save, which is NOT so that you can buy something. I enjoyed the chronology of how we got to where we are as a country.

A great read!

learnt a lot from this book and even more after I read it a second time.

Everyone has a reason for investing.

I love this book mainly because it delves into some of the simplest reasons people invest. Strategies vary due to different factors most of which are surprisingly emotional and may even appear irrational.

I like books that challenges established beliefs and forces the reader to consider a new way of thinking.

Above all, the goal of investment is freedom to do whatever you like, whenever. Too many people are tethered to crushing debt which makes this simple goal almost impossible.
Most readers will identify with at least one character in the book and this makes it very relatable.
I highly recommend this book at anytime in an investment journey because it will compel the reader to ask themselves critical questions. The answers will put them on a path to making decisions that allows them to sleep well at night, whiles making decent returns of course.