The Psychology of Money

by Morgan Housel | Business & Investing |
ISBN: 0857197681 Global Overview for this book
Registered by Ashwick-VH-OBCZ of Oakhill, Somerset United Kingdom on 4/19/2023
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2 journalers for this copy...
Journal Entry 1 by Ashwick-VH-OBCZ from Oakhill, Somerset United Kingdom on Wednesday, April 19, 2023
Another book from the shelves

Released 10 mos ago (4/19/2023 UTC) at Ashwick and Oakhill Community Café in Oakhill, Somerset United Kingdom

WILD RELEASE NOTES:

On the shelves

Journal Entry 3 by PDB11 at Oakhill, Somerset United Kingdom on Wednesday, November 15, 2023
Picked this up at the zone and brought it home to read

Journal Entry 4 by PDB11 at Oakhill, Somerset United Kingdom on Tuesday, November 21, 2023
This has been on the shelves at the Café for some weeks. I've dipped into it once or twice, so this time I brought it home to read.

I enjoyed the book, and it gives some interesting - and useful - insights. But it suffers from two main problems.

First, it is a book on money, not a book on psychology. It therefore doesn't go into depth on the subject of why money makes people do strange things; instead it gives - equally interesting, but not so close to the title - advice on how to manage money, and why this is difficult for psychological reasons.

The second, more important reason is that it is too American. The advice it gives is all from an American point of view. Yes, some of it applies anyway. Some of it applies with modification: for example, outside the USA it is unlikely that you need savings to be able to be take time off work when you're ill. But the analysis at the end of how the world got into the financial mess it is in today was essentially an analysis of how the situation in America led to these problems, ignoring the fact that the same problems exist around the world where the American situation described was not present. This casts doubt on the universality of some of the other advice.

Definitely worth reading, but you might need to pinch some salt...

For release, maybe back at the café.

Released 2 mos ago (11/29/2023 UTC) at Ashwick and Oakhill Community Café in Oakhill, Somerset United Kingdom

WILD RELEASE NOTES:

Back on the shelves as promised

Journal Entry 6 by Ashwick-VH-OBCZ at Oakhill, Somerset United Kingdom on Saturday, January 13, 2024
Gone again.

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