The Psychology of Money
Timeless Lessons on Wealth, Greed, and Happiness
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Narrated by:
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Chris Hill
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By:
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Morgan Housel
About this listen
Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.
Money - investing, personal finance, and business decisions - is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.
In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.
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- Unabridged
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Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career.
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Five Star Book, two Star Audiobook
- By Johnny on 06-08-15
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The Art of Value Investing
- Essential Strategies for Market-Beating Returns
- By: John Heins, Whitney Tilson
- Narrated by: Walter Dixon
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Whether you're a complete beginner in need of an A-to-Z value investing primer, an experienced investor looking to expand and fine-tune your repertoire of value investing skills, or an individual or institutional investor looking to identify the best money managers, this audiobook is for you. Authors John Heins and Whitney Tilson have brought together the collective wisdom of today's most successful value investors and distilled it into a series of actionable lessons you can put into practice right away.
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Collection of quotations with no narrative
- By busyfamilymom on 02-05-15
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Hedgehogging
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Rare is the opportunity to chat with a legendary figure and hear the unvarnished truth about what really goes on behind the scenes. Step inside the world of Wall Street with Barton Biggs as he discusses investing in general, hedge funds in particular, and how he has learned to find and profit from the best moneymaking opportunities in an eat-what-you-kill, cutthroat investment world.
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HedgeHotDogging
- By Bob on 10-01-06
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The Motley Fool Million Dollar Portfolio
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Listeners are offered a first-class education in building, growing, and defending an individual portfolio, one investment strategy at a time. From learning to think like an investor to finding a first stock, from international investing to community-based online tools, this audiobook takes the reader through the essential strategies for building any portfolio, no matter how small its start or how big its ambitions.
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Great Introduction to Investing
- By Matthew on 09-18-09
By: David Gardner, and others
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You can go after the job you want...and get it! You can take the job you have...and improve it! You can take any situation you're in...and make it work for you!
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This is well worth listening too! Main points are.
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This book does not belong on audio
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Forks over Knives
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For decades, that question has fascinated a small circle of impassioned doctors and researchers—and now, their life-changing research is making headlines in the hit documentary Forks Over Knives. Their answer? Eat a whole-foods, plant-based diet—it could save your life.
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Not the Best Audiobook
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By: Gene Stone, and others
What listeners say about The Psychology of Money
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- jlanewell
- 10-05-20
Thought provoking book about habits about money.
I got this book on audible and listened to the whole thing in one day. This book is a different approach to money. It really is extremely thought provoking. I particularly enjoyed Never enough chapter. This book is written in such away that you are getting stories to help understand the examples in the book.
I really enjoyed the content in this book and recommend reading.
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44 people found this helpful
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- Randall Bricker
- 10-04-20
Must read for everyone!
Current, timeless and Insightful! I just happened to stumble across the author on Twitter and I’m very glad I did. I now follow and read many of his articles but this book is a must read for all. I have already shared it with all my family and friends including my son studying financial engineering at Cornell. This is the type of book you should earmark to read over again, anytime you need to make a large financial decision. Bravo!
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32 people found this helpful
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- Michaelt
- 12-14-20
Got really political in the end.
At the very end of the book he got really political with his views. Definitely extremely liberal.
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27 people found this helpful
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- Michael W. Kessel
- 03-28-21
Could have done without the cursing.
The information was good, but the author cheapens it but throwing unnecessary cursing. In fact I was going to purchase copies to give my newer clients, but now will not because of that fact.
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14 people found this helpful
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- Florida Family
- 07-06-21
Basic - plain vanilla but interesting for every day folk
Nothing revolutionary here for anyone that is remotely familiar with finance but good for those who want an understanding of why so many people make poor money decisions
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9 people found this helpful
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- Allen
- 12-30-20
Some good ideas
I had a few aha moments. Explains the real reason to save, which is NOT so that you can buy something. I enjoyed the chronology of how we got to where we are as a country.
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6 people found this helpful
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- Clintwood
- 12-18-20
One of the most important books you could read.
It is just deep enough to get you thinking and broad enough to make you curious. This will make you self reflect.
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4 people found this helpful
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- Krushal
- 11-24-21
good book
I really enjoyed this book the main takeaways are that
* We don't need a reason to save because life is unpredictable
* You should always have a plan untop of a plan because there is no guarantees in life
*A good financial plan is one that is realistic and leaves room for error, as error is inevitable
If you have 90 percent of success the next 10 percent will happen atleast onces or twice in your decision making.
*Some situations that happen to us we are unable to see ever happening which is why it's good to save for no reason because you can't plan for something that has never happened let along happened to you.
*Find out what you want and what's best for you because it is impossible to adapt someone else's strategies to the t and expect it to work just the same.
*Keep your cost of living lower that what you earn and save the remaining.
* Greed is more costly than the price we pay for the things we need.
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3 people found this helpful
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- Alice DeWall
- 12-05-20
Loved it!
This book contains brilliant stories, useful advice, and lessons about how to have a reasonable and healthy relationship with money. It is excellent. 5 stars!
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3 people found this helpful
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- Amazon Customer
- 06-13-21
A True Outlook on the Psycology of Money
Money shapes our lives, and this book wisely and methodically deconstructs the latter using the former
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2 people found this helpful