Money has much more to do with psychology than with finances. When it comes to money, we believe we need to know certain facts, rules, and principles. We assume that the world of finance is the world of mathematics, where data and formulas tell us exactly how to behave, and people would then follow that guidance. However, the opposite is true: In the real world, people do not make their financial decisions based on a spreadsheet. They make them at dinner or during a meeting, where personal history, individual perspectives, ego, and other crude influences come together. So, it is primarily about psychology, emotions, and gray areas.

Through 20 short stories, the award-winning author Morgan Housel vividly illustrates that when it comes to money matters, what matters is not how much theoretical knowledge someone has, but how they behave in a stressful situation.

"One of the best and most original finance books in years."
Jason Zweig, The Wall Street Journal

"Morgan Housel is one of the brightest new stars in the finance world. He is accessible to anyone who wants to learn more about the psychology of money. I highly recommend this book."
James P. O'Shaughnessy, author of The Best Investment Strategies of All Time.