The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel (EP034)
"Do you know what my aunt did before she worked in one of these factories?" One story from The Psychology of Money changed how Peter thinks about every money decision he judges.
Peter calls The Psychology of Money the book that has had more impact on him than any other book about money. He walks Pablo through why finance is not a spreadsheet but a psychology problem: how the year you were born shapes your appetite for risk, why the lowest income households spend the most on lottery tickets, why retirement is a brand new idea, luck vs risk, Bill Gates' lost co-founder, Vanderbilt and…
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