The Psychology of Money | Tamil Book Summary | Karka Kasadara

This video is the summary of the book "The Psychology of Money" by Morgan Housel in Tamil.

About the Book:
Doing well with money isn't necessarily about what you know. It's about how you behave. And behaviour 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.

About the Author:
Morgan Housel is a partner at The Collaborative Fund.

His book The Psychology of Money has sold over one million copies and has been translated into 46 languages.

He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He serves on the board of directors at Markel.

Morgan has presented at more than 100 conferences in a dozen countries.

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00:00 - Introduction
02:51 - Man in the Car Paradox
03:50 - Wealth is What You Don't See
05:22 - No One's Crazy
07:29 - Luck & Risk
10:09 - Never Enough
12:03 - Confounding Compounding
13:49 - Getting Wealthy vs Staying Wealthy
14:55 - Tails, You Win
16:03 - Freedom
16:58 - Save Money

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