THE

PSYCHOLOGY
OF MONEY

2022 June 28
ABOUT AUTHOR

Morgan Housel
- Partner at Collaborative Fund
- Former columnist at The Motley Fool and The Wall Street Journal

2
Ronald James Read Richard Fuscone

What you know is less important than how you behave.

4
People have
different views
about money
Never Enough

Rajat Gupta leaving court in 2011. In

June 2012, he was found guilty of
tipping off a hedge fund founder
aboutcorporate secrets.
The hardest financial skill is Social Comparison is the problem.
getting the goalpost to stop
moving.

"There is no
reason to risk
what you have
and need for what
There are many things never worth you don’t have
Enough is not too little.
risking, no matter the potential gain. and don’t need."
- Warren Buffet

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Power of Compounding
Tails Event
Few things account for most results.

Walt Disney Studio, 1928

Freedom
 Man in the Car Paradox

Expectation

Reality

No one is impressed by your

possession as much as you are.
Wealth is What You Don’t See
Spending money to show people how much money you
have is the fastest way to have less money.