About The Book
Doing well with money is not 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.
My Thoughts
I had a great time reading this book. Even if some of the advice in this book may not be particularly new to those who have experience with finance, it is nevertheless helpful to be reminded especially for me who is not so aware of how to deal with financial matters.
This book was a lifesaver for my husband and me. We could relate to many of the things Morgan Housel talks about in the book.
Unfortunately, we made multiple mistakes that the author suggested avoiding.
Overall, this book is an eye-opener.
Book Links
About the Author
Morgan Housel is a partner at The Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal.
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 serves on the board of directors at Markel. He lives in Seattle with his wife and two kids.
Author on the Web
Labels: Book Review, Books
