Reading

The Psychology of Money

Morgan Housel

This book is about how people think and behave around money, not how to pick stocks. Housel looks at why we save, spend, take risks, or hold back, and how luck, ego, and our own history shape those choices. It is a set of short essays on things like compounding, enough, and why smart people still make bad money decisions.

Each chapter is a self-contained idea, which makes it easy to read in small chunks. Housel is more interested in behaviour than formulas - why people take risks, why luck matters, what enough looks like. Nothing here felt like a sales pitch for a particular investment strategy, which I appreciated.