THE PSYCHOLOGY OF MONEY by Morgan Housel | Book Summary in English

In this video, we dive deep into Morgan Housel’s best-selling book, The Psychology of Money. This insightful book offers a unique perspective on how our emotions, behavior, and psychology shape our financial decisions more than strategy and knowledge alone. Through engaging stories, Housel teaches us timeless lessons about the unpredictable nature of wealth, greed, risk, and personal finance.

Discover why wealth is less about income and more about behavior, how risk-taking and luck play major roles in success, and why emotional control is the most important factor in long-term financial security.

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Chapters and Tmeline:

00:00 Wealth is what you don’t see
01:49 Luck and Risk
03:52 The power of tail events
06:26 Pessimism vs Optimism
07:20 Financial Independence
10:28 The man in the car paradox
13:02 Ture wealth

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