The Psychology Of Money By Morgan Housel (TOP 5 LESSONS)

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In the book The Psychology of money, Morgan Housel tells the history of Ronald Read, he was a janitor who had 8 million dollars, he achieved that by holding blue-chip stock for a long period of time. How can a janitor end up with more money than a bank executive who graduated from Havard? The answer is behavior. Ronald Read was patient while Richard Fuscone was greedy.

Chapters:
00:00 Introduction
01:00 Compounding
02:34 The Seduction of pessimism
04:17 Never enough
06:14 Wealth is what you don't see
07:54 Freedom
09:14 Conclusion

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