The Psychology of Money

Book Review

The book «The Psychology of Money» by Morgan Housel has received numerous positive reviews from both critics and readers. Housel offers a unique perspective on financial management, emphasizing that success with money is more about behavior and psychology than technical knowledge. Critics note that the author skillfully combines personal stories, historical examples, and scientific research to show how emotions and subjective perceptions influence financial decisions. The book stands out for its accessibility and simplicity, making complex financial concepts understandable to a broad audience. Some reviewers highlight that «The Psychology of Money» helps readers realize the importance of long-term thinking and patience in investing. However, despite many positive reviews, some critics feel that the book could offer more practical advice for everyday application. Overall, «The Psychology of Money» is considered an important contribution to personal finance literature and is recommended for anyone who wants to better understand their relationship with money.