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I call this soft skill the psychology of money. The aim of this book is to use short stories to convince you that soft skills are more important than the technical side of money. I’ll do this in a way that will help everyone—from Read to Fuscone and everyone in between—make better financial decisions.
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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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1. Earned success and deserved failure falla-cy: A tendency to underestimate the role of luck and risk, and a failure to recognize that luck and risk are diferent sides of the same coin. I like to ask people, “What do you want to know about investing that we can’t know?”
