The Psychology of Money - Book Review

To understand money, you need psychology more than you need mathematics – this is what the book expounds. Financial decisions, as the book claims, are made with emotions rather than pure logic. This principle helps one understand poor, and good, economic actions. As the books says, financial success is not a hard science but more of a soft skill – behavior being more important than what you think you know. Each chapter then goes on to treat different aspects of behavioral finance (as I call it), from surviving to thriving.

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