The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel

Author:Morgan Housel [Housel, Morgan]
Language: eng
Format: epub, pdf
Tags: Business & Economics, Personal Finance, General, Investing
ISBN: 9780857197696
Google: TnrrDwAAQBAJ
Amazon: 0857197681
Publisher: Harriman House Limited
Published: 2020-09-07T18:30:00+00:00


Consider a few big ones.

The 401(k) is 42 years old. The Roth IRA is younger, created in the 1990s. So personal financial advice and analysis about how Americans save for retirement today is not directly comparable to what made sense just a generation ago. We have new options. Things changed.

Or take venture capital. It barely existed 25 years ago. There are single venture capital funds today that are larger than the entire industry was a generation ago.⁴⁰ In his memoir, Nike founder Phil Knight wrote about his early days in business:



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