**OVER 7 MILLION COPIES SOLD AROUND THE WORLD... The Psychology of Money is the original bestselling classic from the author of the new book, Same as Ever.**
Doing well with money isn't necessarily about what you know. It's about how you behave. And behavior is hard to teach, even to really smart people. Money--investing, personal finance, and business decisions--is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don't make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the different ways people think about money and teaches you how to make better sense of one of life's most important topics.What are the secrets to a healthy, happy, and wealthy retirement?
To answer that question, longtime Morningstar columnist and podcaster Christine Benz asked 20 retirement thought leaders to go deep on a single lesson that they believe contributes to success in retirement. These lessons range from nitty gritty financial matters to quality-of-life considerations that help pre-retirees and retirees maximize their time on earth allocations. On the financial side of the ledger, the book delves into knowing your retirement income style (Wade Pfau), understanding how your spending might change in retirement (David Blanchett), and organizing your portfolio to support in-retirement cash flows (William Bernstein). Other interviews probe softer but no less important considerations, such as how to spend in order to optimize happiness (Ramit Sethi), the value of burnishing relationships later in life (Laura Carstensen), and living life so that you have no regrets in the end (Jordan Grumet). These lessons help soon-to-retire and already-retired individuals and their advisors tackle retirement with confidence, wisdom, and a specific plan for maximizing their financial and human capital.Over 7 million copies sold around the world. The original book from Morgan Housel, the New York Times bestselling author of Same As Ever.
Doing well with money isn't necessarily about what you know. It's about how you behave. And behavior is hard to teach, even to really smart people. Money - investing, personal finance, and business decisions - is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don't make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. 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.This book was designed to reduce mistakes.
Your mistakes with money. Tiny errors, epic fails and everything in between. You can do thousands of things right, but make just a few of the errors we discuss, and you destroy much of your portfolio. If you could learn how to avoid the unforced errors investors make all the time, you would make your life so much richer and less stressful. The counterintuitive truth is avoiding errors is much more important than scoring wins. How Not To Invest shows you a few simple tools and models that will help you avoid the most common mistakes people make with their money. Learn these, and you are ahead of 98% of your peers.For decades, thousands of people have gathered in Omaha, Nebraska for the Berkshire Hathaway AGM, and quizzed Warren Buffett and Charlie Munger on everything from the psychology of successful investors to the future of Coca-Cola and Apple. But unless you attended, for decades you only had access to what people remembered and reported back from Omaha.
In 2018, Berkshire released the archives of the annual meetings going back to 1994. Alex Morris―an equities analyst and financial writer at the TSOH Investment Research Service―watched hundreds of hours of video from these annual meetings (as well as the six AGMs held since 2018), covering more than 1,700 questions asked by shareholders over the past 31 years. He then gathered, organized and edited the most interesting material into a comprehensive and accessible form. Buffett and Munger Unscripted is the result. From the art of intelligent capital allocation to the best ways to judge and compensate management, from understanding the nature of markets to embracing the power of long-term time horizons, this is a book with compelling insights on every page. In addition to collecting many famous quotes in their original context, it is a deep treasure trove of profound insights on all aspects of investing and business. Discover the importance of avoiding difficult decisions, the first question you should ask on a potential new investment, how to recover from unsuccessful investments, the importance of finding the right owners to partner with, Buffett and Munger's book recommendations--and much more. The perfect companion to The Essays of Warren Buffett: Lessons for Corporate America and Poor Charlie's Almanack, Buffett and Munger Unscripted belongs on the bookshelf of everyone interested in the keys to success in business and investing. Note: Alex will donate 50% of his net proceeds from Unscripted to GLIDE, a charitable organization that Warren Buffett has supported for years. While his philanthropic endeavors are not the focus of this book, that is another part of Warren's life where he has been a role model.Worried about purpose? Most people are. But no one has to be. BrenĂ© Brown meets Malcolm Gladwell in this ground-breaking self-improvement book that reveals how to make a mark and how to set goals in life without falling into the anxiety traps of conventional success principles books. The ultimate in purpose anxiety relief, and a map for anyone to find happiness.
Purpose can change your life. Having a sense of purpose has been scientifically proven to help people find happiness, longevity, and health.Dividend Investing is the definitive book on how to construct a portfolio of dividend income paying stocks to create a dependable, consistent source of income.
Dividends have long provided a reliable source of income used by everyone from the ultra wealthy to pragmatic hard workers who have diligently saved for retirement. Once established, a dividend stock portfolio can provide income that is not only tax advantaged, but can grow steadily into the future, keeping up with inflation, all while requiring only minimal intellectual work and no physical effort on the part of the investor. Readers will learn how to fully research a stock to reduce the risks of downside and ensure a steady future stream of dividend income. They will then learn how to construct and maintain a well organized portfolio that is appropriately diversified by style of company as well as industry and sector. Readers will learn how to navigate the inevitable missteps of dividend cuts and negative surprises, while maintaining the integrity and income generation ability of their portfolios. The author shares insights and experiences of her clients as they have navigated dividend income investing, and in doing so, brings her readers into a world of like-minded, real people who have worked hard, saved responsibly and are able to use their dividend income streams to live their lives happily and without financial stress.Anthony Pompliano writes 65 letters to his children with inspiring lessons on how to succeed in business, have great relationships, do well with money, and live a healthier and happier life.
What does it take to make the most of what really matters (and to know what that is before it passes you by)? To overcome obstacles that set most people back (and to see them coming beforehand)? To flourish not just financially - but also in your family, free time, and the world of business? What does it take to live an extraordinary life? The answers will surprise you. Anthony Pompliano has lived in a war zone, met and interviewed the world's wealthiest people, built and sold companies, invested in more than 200 businesses, formed friendships around the globe, started a loving family, and found happiness. Along the way, he has kept a personal list of the lessons he has learned. Now, in How to Live an Extraordinary Life, he writes 65 letters to his children laying out each lesson and how he learned it, and explaining how it can be applied by anyone in their life today. The result is a compelling collection of practical and inspiring life strategies that anyone can use to build an extraordinary life. You will find unique advice about using your childhood as a chisel, understanding that luck is not real, living your life as a documentary, developing unshakable resilience, becoming a happier person, and much, much more. Most importantly, Anthony shows that an extraordinary life is within reach for anyone who wants it. You can start right now.Buffett's Early Investments investigates ten investments that legendary investor Warren Buffett made in the 1950s and 1960s - earning him his first millions - and uncovers unique insights in the process.
Using the same documents Buffett used when he made these investments, the author reveals the fascinating inside stories of: - How Philadelphia and Reading, Buffett's largest investment in 1954, transformed from a declining coal company to a diversified conglomerate whose stock went up twentyfold due to the intervention of Buffett's mentor, Ben Graham.You Weren't Supposed To See That is a collection of the most popular, hard-hitting, and informative posts from Joshua Brown's Reformed Broker blog.
There are secret ways of seeing the world of finance that every investor should know. Overlooked things that tip the balance from failure to success. Hidden truths that make the critical difference between understanding the world and being dangerously naive. And surprising realities that determine whether or not you and your family are on the path to generational wealth. In You Weren't Supposed to See That, Downtown Josh Brown--the original Wall Street blogger, star of CNBC's Halftime Report, and manager of billions of dollars as CEO of Ritholtz Wealth Management--collects and shares the most important of these secrets. Drawing on 15 years of The Reformed Broker, the most-read financial blog in the world, Josh revisits, updates, and expands on the best of his wildly popular writing. As he does so, he helps you to discover all the most important, surprising, and sometimes painfully true secrets of finance, investing, and Wall Street that you need to know to thrive today. With Downtown Josh Brown as your guide, you'll see things how they really are--and as you never have before.Best Loser Wins is an intimate insight into one of the most prolific high-stake retail traders in the world. Author, Tom Hougaard, is the winner of multiple trading competitions and on one occasion traded the equivalent of $30,000 into more than $1.3 million over the course of a year.
While the average retail trader risks $10 per point in the underlying asset, Tom Hougaard frequently risks up to $3,500 per point. This risk exposure requires a mindset that is out of the ordinary. Normal thinking leads to normal results. For exceptional results, traders must think differently.The Psychology of Leadership offers a fresh take on leadership through the lens of groundbreaking research in positive, sports, and personality psychology.
Witty, conversational, and personal, The Psychology of Leadership blends research, fascinating true stories, humor, and self-improvement advice to deliver simple yet powerful principles to master the mental game of leadership. Leaders will develop what feels like mind-reading abilities for interpreting workplace personalities, hidden motivations, and group dynamics. They will learn how to inspire their organization to move mountains, improve their ability to listen, communicate and, when necessary, persuade. Along the way they will dramatically improve their own mindset and resilience.Why just be contrarian when you can bet against consensus and be right?
Through a meta-analysis of what moves markets and what drives human behavior, New York Times bestselling author and founder of Verdad Advisers, Dan Rasmussen, cuts through the 60/40 portfolio, exposing where empirical evidence shows the best opportunities--and where projections, models, and experts often fail--to create an asset allocation that can withstand the tests of time. In this exploration of intellectual truths in investing, Dan's research shows that the investor's edge lies in fundamentals over forecasts, humility over hubris, and demonstrated rules over dogma.Former CNN/CNN International Anchor and Business Correspondent Alison Kosik ―recognized around the globe as the face of Wall Street for the network ― found herself trapped in a failing marriage. The savvy mother of two, was terrified to leave her husband. Why? She didn't have the confidence to take on big financial decisions on her own. Despite spending her working hours explaining financial and business concepts, she had allowed her husband to take charge of all their big money decisions ― from buying a house and how to finance it to their investments and retirement savings ― and had no clue how to do any of it on her own.
It sounds crazy, doesn't it? But Alison is far from atypical. It turns out plenty of educated and high-achieving women ― married or single ― avoid getting involved with managing their financial lives. In What's Up With Women and Money? Alison gives a step-by-step action plan on a variety of money topics. Alison also interviews dozens of women who share their cautionary tales of why avoiding money decisions can lead to bad outcomes. Alison also talks one on one with inspirational women like Sheryl Sandberg, Rebecca Minkoff, Jessica Alba, Barbara Corcoran, and Deepica Mutyala ― women who inspire other women and help them gain confidence ― to take control of their financial lives. Alison simplifies complicated financial topics of investing, car buying and paying down debt, breaking them down into easy to follow steps, with practical tidbits that make each page accessible, digestible and fun. By the end of What's Up With Women and Money?, women will not only feel empowered and confident about their finances, but they will also feel ready to take action after being motivated without judgment.Over the past 20 years, the private equity industry went from a cottage industry to a powerful juggernaut that touches every corner of the global economy. Totalling $5 trillion of investments, private equity constitutes an important investment allocation for public and corporate pension funds, university endowments, non-profit foundations, hospitals, insurance companies, families, and sovereign wealth funds worldwide.
There's no more important sector of institutional portfolios or the global economy to understand than private equity. Private equity owned businesses are everywhere around us and touch every aspect of our daily lives. In Private Equity Deals, Ted Seides gives you an insight to the conversations that typically happen behind the closed doors of institutional investors and private equity managers. Through a series of case studies across different types of private equity transactions, Private Equity Deals shares the dynamics of deal making, companies, and ownership that make private equity a force in the world.We find ourselves at a crossroads. We all know that true wealth is about far more than money. Wealth is friends, family, health, a vocation, command of your time, leisure, and whatever else is important to you.
And yet, we are all guilty of acting as if money alone is wealth and an end in itself. How do we navigate this crossroads to find the right balance between monetary wealth and true, soulful wealth? Our guide is Daniel Crosby--author of the behavioral finance smash hits The Laws of Wealth and The Behavioral Investor. In The Soul of Wealth, Daniel presents 50 short essays which explore what wealth really is and provides practical suggestions for how to change your thinking and your actions in small, powerful ways, for a wealthier life. We learn: - How you spend your money reveals your values.The World's Simplest Guide to the Stock Market provides a crash course on the essentials of stocks and the stock market. In plain language it gives clear answers to key questions such as:
- What is a company, how do companies grow, how do companies raise money, and how does a company go public? - What is a stock, what causes stock prices to move, and what do investors experience when they own a stock? - What are stock exchanges, how do exchanges work, how do investors interact with exchanges, and what is an index? And much, much more! Author Edward W. Ryan brings life to what can be complex and daunting topics. By drawing on his own experiences as both a personal investor and a professional in the investment industry, he provides real-world context that makes the material relatable and memorable. The World's Simplest Guide to the Stock Market is the ideal first read for anyone new to stocks, but is also useful for someone looking for a refresher on the basics. If you want to understand stocks and the stock market, this is the place to start!Everyone faces big questions when it comes to money: questions about saving, investing, and whether you're getting it right with your finances.
Unfortunately, many of the answers provided by the financial industry have been based on belief and conjecture rather than data and evidence--until now. In Just Keep Buying, hugely popular finance blogger Nick Maggiulli (/OfDollarsAndData) crunches the numbers to answer the biggest questions in personal finance and investing, while providing you with proven ways to build your wealth right away. You will learn: