Do You Know the Difference Between Being Rich and Being Wealthy?

Posted by jasonzweig on Aug 14, 2020 in Articles & Advice, Blog, Columns, Featured |

Image Credit: Alex Nabaum

By Jason Zweig | Aug. 7, 2020 10:00 am ET

It isn’t often that I receive a new book I feel I have to read, but I couldn’t wait to dig into The Psychology of Money.

To be published next month, this 242-page, easy-to-read book by Morgan Housel isn’t about investing. It’s about how to think about investing, and its one of the best and most original finance books in years.

Mr. Housel, 36 years old, is a blogger and venture capitalist who writes beautifully and wisely about a central truth: Money isn’t primarily a store of value. Money is a conduit of emotion and ego, carrying hopes and fears, dreams and heartbreak, confidence and surprise, envy and regret.…

To read the rest of the column:

https://www.wsj.com/articles/do-you-know-the-difference-between-being-rich-and-being-wealthy-11596808802

For further reading:

Books:

Morgan Housel, The Psychology of Money