Posted by 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

Benjamin Graham, The Intelligent Investor

Jason Zweig,The Devil’s Financial Dictionary

Jason Zweig, Your Money and Your Brain

Jason Zweig, The Little Book of Safe Money

 

Articles and other resources:

Morgan Housel’s blog

Patrick O’Shaughnessy’s podcast with Morgan Housel and me: http://investorfieldguide.com/writers/

 

Saving Investors from Themselves

A (Long) Chat with Peter L. Bernstein

An Interview with Safal Niveshak