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Book ReviewIssue #46

The Psychology of Money — Why We Make Irrational Decisions

Morgan Housel's bestseller breaks down 19 short stories about how people think about money. This week we explore the core lessons.

📅 May 30, 2026🕐 7 min read
FinancePsychologyInvesting

Core Argument

Financial success is less about intelligence and more about behaviour. The 19 stories cover everything from the role of luck to the importance of saving.

Key Lessons

- Wealth is what you don't see — The Ferraris you see aren't wealth, they're the price of trying to look wealthy. - Getting rich vs staying rich — Getting rich requires optimism. Staying rich requires paranoia. - Room for error — The most important part of every plan is planning on your plan not going according to plan.

Tags:FinancePsychologyInvesting