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Your first book is The Psychology of Money by Morgan Housel, and if you could sum up this book in one sentence, what would it be?
It's about how our mindset, our behaviors, and our psychology play a much bigger role in how we think about money and how we deal with money than financial markets or the economy or any kind of science or maths or markets.
It's been a global bestseller, hasn't it? And I think lots of people have been very drawn to this book because it offers something a little bit different from your average finance book.
I think a lot of people, when they start thinking about finances and markets and the economy, they're often drawn into this kind of world of complicated terminology, and it feels very much like a science, like a maths subject, like something really, really hard that I think most people, well, not speaking for everyone-
It's things that they probably kind of veered away from, like, after they left school.
But what Morgan Housel really does with the book is he really kind of illuminates the fact that it's about people's feelings and their psychology more than it is about these kind of like hard sciences or numbers, and we're all good at that, right? So, like, we're, we're all human.
The book, through a collection of 19 different short stories, it takes us on this journey about how your behaviors drive the way you interact with money much more than numbers or hard facts.
And he uses lots of fascinating examples throughout as well, and one that jumped out at me was the janitor who had been investing all throughout-
So have you made any changes since you read the book? Anything in there that really made an impression on you and you thought, "Yeah, I, I'm gonna use that in my own life"?
Yeah, I think the way that he uses the stories is a really great way of bringing a lot of this to life, and I think the thing that I took from it was that there's kind of two ways that people get wealthy and, and get successful financially.
Your first book is The Psychology of Money by Morgan Housel, and if you could sum up this book in one sentence, what would it be?
It's about how our mindset, our behaviors, and our psychology play a much bigger role in how we think about money and how we deal with money than financial markets or the economy or any kind of science or maths or markets.
It's been a global bestseller, hasn't it? And I think lots of people have been very drawn to this book because it offers something a little bit different from your average finance book.
I think a lot of people, when they start thinking about finances and markets and the economy, they're often drawn into this kind of world of complicated terminology, and it feels very much like a science, like a maths subject, like something really, really hard that I think most people, well, not speaking for everyone-
It's things that they probably kind of veered away from, like, after they left school.
But what Morgan Housel really does with the book is he really kind of illuminates the fact that it's about people's feelings and their psychology more than it is about these kind of like hard sciences or numbers, and we're all good at that, right? So, like, we're, we're all human.
The book, through a collection of 19 different short stories, it takes us on this journey about how your behaviors drive the way you interact with money much more than numbers or hard facts.
And he uses lots of fascinating examples throughout as well, and one that jumped out at me was the janitor who had been investing all throughout-
So have you made any changes since you read the book? Anything in there that really made an impression on you and you thought, "Yeah, I, I'm gonna use that in my own life"?
Yeah, I think the way that he uses the stories is a really great way of bringing a lot of this to life, and I think the thing that I took from it was that there's kind of two ways that people get wealthy and, and get successful financially.
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