Summary of The Psychology of Money: by Morgan Housel - Timeless Lessons on Wealth, Greed, and Happiness - A Comprehensive Summary
Nov 2021 · BookSummaryGr
4.1star
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About this ebook
Summary of The Psychology of Money - Timeless Lessons on Wealth, Greed, and Happiness - A Comprehensive Summary
In chapter one of the book, called “No One’s Crazy,” the author begins by talking about the crazy things that people do with money. Everyone does crazy things with their money, but the truth is that no one is crazy. Everyone has a different opinion about how money should be handled depending on what generation they came from and how they were raised. They all have their own experiences of the world, and that affects how they think money should be spent. Your experience with money only makes up about 1/100millionth of what has happened in the entire world but about 80% of what you think other people should do with their money.
Take the Depression, for example, you have no firsthand knowledge of the Depression, so how can you even try to fathom why someone who grew up during that time would refuse to own stock or would at this time discourage their grandchildren from purchasing stock? They would believe that purchasing stock is crazy.
To be continued...
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⁃ A Full Book Summary
⁃ An Analysis
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⁃ Quiz Answers
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In chapter one of the book, called “No One’s Crazy,” the author begins by talking about the crazy things that people do with money. Everyone does crazy things with their money, but the truth is that no one is crazy. Everyone has a different opinion about how money should be handled depending on what generation they came from and how they were raised. They all have their own experiences of the world, and that affects how they think money should be spent. Your experience with money only makes up about 1/100millionth of what has happened in the entire world but about 80% of what you think other people should do with their money.
Take the Depression, for example, you have no firsthand knowledge of the Depression, so how can you even try to fathom why someone who grew up during that time would refuse to own stock or would at this time discourage their grandchildren from purchasing stock? They would believe that purchasing stock is crazy.
To be continued...
Here is a Preview of What You Will Get:
⁃ A Full Book Summary
⁃ An Analysis
⁃ Fun quizzes
⁃ Quiz Answers
⁃ Etc.
Get a copy of this summary and learn about the book.
Ratings and reviews
4.1
7 reviews
Kanhaiya Prasad
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May 25, 2024
I didn't get anything impressive in this summary!!!! waist of time and money!!!!
Afriandi Prasetya
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March 2, 2023
the author read and summarized all things that necessary
Drayon How
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December 3, 2023
got the main points summarized
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