I finished reading this book called “The Psychology of Money” which was written by Morgan Housel, in the month April 2023.
Today I will discuss the merits
and demerits of this book in my view after reading this complete book are given
below.
About this book:
Book name:
The Psychology of Money
Author:
Morgan Housel
Published by:
Jaico Publishing House
Originally published in UK by:
Harriman House LTD in the year 2020
Printed by:
Chandra Prabha Publications Pvt. Ltd
Total Pages: 242
Highlights of This Book – Timeless lessons on wealth, Greed and Happiness.
Contents in the book:
Introduction: the greatest show
on earth
- No one’s crazy
- Luck and risk
- Never Enough
- Confounding Compounding
- Getting wealth Vs. staying wealthy
- Tails, you win
- Freedom
- Man in the car paradox
- Wealth is what you don’t see
- Save money
- Reasonable > Rational
- Surprise!
- Room of error
- You’ll change
- Nothing’s free
- You & Me
- The seduction of pessimism
- When you’ll believe anything
- All the together now
- Confessions
Postscript: A Brief history of
why the US consumer think the way they do
Endnotes
Acknowledgements.
Best Impressions pages which I liked
in this book:
Page numbers: 3, 4, 41, 42, 97, 98, 99, 193, 209, 236
Merits of this book:
- Some points in this book made me to read lines again and again, also thinking about money like rich vs poor from an investment money point of view.
- Morgan Housel mentioned many stories in this book that every student should read.
- The writing style of this book is very easy to understand and very comfortable to read.
Demerits of this book:
- In the whole book - Number 1 is printed as the Roman number I like 1960 is printed as I960, 1931 is printed as I93I, etc.
- Morgan Housel explained more about stock market competition and who win/loss.
Conclusion:
I am a reader from India. Morgan
Housel thoughts are very good but there are a lot of richest people present in
the world who have not invested money in the stock market, they have invested
money in other ways. This point should be noted.
My ratings of this book: 3.9/5
Thank you for reading and viewing!
Maddali Laxmi Swetha, MBA (HR)
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