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Pros & Cons
Pros
Morgan housel's the psychology of money is a profound exploration of the intricate relationship between psychology and personal finance. The book transcends the conventional boundaries of financial guidance. This book isn't just about becoming financi... Read More
This book touches on so many important topics. It breaks down the psychology of money. Reading this book has helped me feel more like, money feels more tangible.
The psychology of money is an engaging read for both novices and seasoned investors. Be prepared to highlight a lot or jot down the ideas in a notebook. It has a lot of good examples, data and fun facts to get the point across to the readers.
This is a book i will read again from time to time to gleam more nuggets of investing strategies and/or rekindle the investing spirit within when the fire is not burning as hot as it once did. Own a diversified stock portfolio. It is the highest divid... Read More
Morgan housel's style is easily digestible. He highlights the inherent unpredictability of financial markets. Housel also explores the concept of getting rich slowly and the power of compounding.
Cons
it is travesty such book can get to a bestseller status. If you're like me and want succinct points and are looking for actual psychology, this isn't it.
It's more opinionated then anything. The rest, to me, is fluff and anectodotes. When a voice is so one-sided, i begin to distrust the thinking.
Highlights
Quality
It has a lot of good examples, data and fun facts to get the point across to the readers.
Without conscious effort contrary, our heads can be filled with much processing information that is not beneficial or healthy f... Read More
It requires humility, frugality, and the innate fear that it can all be taken away in a poof.
My dad all of a sudden quit his job and retired relatively young.
Price
)• money's greatest intrinsic value and how it can make you happier.
Finance is a great area to look at in this light given how many times history has demonstrated that cyclical nature.
No, money illusion through unconstrained credit creation under monetary mismanagement is the cause of all financial bubbles.
If you want to become wealthy—no matter how you define that—you must accomplish two disparate, wildly divergent things: get money.
Competitiveness
This book give me different perspective for my internal worldview about money.
The 401k is the backbone savings vehicle of american retirement.
5% of invetsments made 10x to 20x, 1% made more than 20x return, only 1/2% (~100 companies) earn 50x or more.
This is just some of the expert, spot-on advice about the psychology of money from morgan housel, a partner at the collaborativ... Read More
Overview
- How are reviewers describing this item?
financial, great, good and easy. - Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
- Our engine has determined that the review content quality is high and informative.
- Our engine has detected that Amazon has altered, modified or removed reviews from this listing. We approximate total reviews altered up to 2966.
- Our engine has discovered that over 90% high quality reviews are present.
- This product had a total of 48,278 reviews as of our last analysis date on Mar 2 2024.
Helpful InsightsBETA
Posted by a reviewer on Amazon
I would recommend to another level because it shows you different views about the finance industry such as investing
Posted by a reviewer on Amazon
Dive into the psychology of money to master your finances
Posted by a reviewer on Amazon
It’s good to know that there isn’t one size fits all strategy
Posted by a reviewer on Amazon
It’s a lot that goes into how one utilize money and invest
Posted by a reviewer on Amazon
The chapter titles are attention grabbers to get our attention to read more
Posted by a reviewer on Amazon
But the most important thing to learn from this book is 34margin of safety34
Posted by a reviewer on Amazon
According to the author it is one of the most underappreciated forces in finance
Posted by a reviewer on Amazon
The book is pretty much evolved around the concept of 34margin of safety
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