In The Psychology of Money, financial journalist Morgan Housel reveals the ways in which our intuitions surrounding money are misguided, and what to do about it.

The most important skill for financial success isn't professional expertise, it's psychological wisdom.

According to financial journalist Morgan Housel, trying to explain finance using scientific-seeming laws and formulas is misguided.

Why? Because finance is ultimately driven by human emotion.

To explain human behavior around money, you need to turn to psychology and history, not to mathematical data and formulas.

In The Psychology of Money, Housel sets out the counterintuitive principles often found in our financial behavior.

The author reveals how we underestimate the impact of low-probability events, how we mistakenly value money more than time and independence, and why we often fail to stick to our long-term plans.

For each insight, Housel also outlines what we can do to remedy the situation.